Foreign Currencies Are Wildly Fluctuating. Have You Looked at Your Product Prices?

In order to plan strategically you need to decide between two questions: “Do I want to be paid the same amount for my product in foreign currencies?” or, “Am I looking to price my product according to what the market will bear?” With the former strategy, you know exactly how much you will earn in your home currency for each sale. With the latter, your product will either be priced higher or lower than your domestic price.

The Results Are Here!

Walter Andrew Shewhart, the father of statistical quality control, is famous for developing the concept behind what is known as the Plan-Do-Check-Act (PDCA) cycle. Essentially, after planning and implementing any...

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