10. The Monetary Policy Committee of the Bank of England is planning to raise the Base Rate. An economics consultant has made the following statements about the effect of this rise according to economic theory

(1) the exchange rate for sterling will fall

(2) imports will be cheaper

(3) exports will be more expensive

Which of these statements are true ?

A. (1) and (2) only

B. (2) and (3) only

C. (1) and (3) only

D. (1), (2) and (3)

11. CCP is a major publisher of learning materials for students. The size of its market fixed, and the key drivers of demand are technical quality and timeliness of publication. Female has offered to typeset all of the materials for CCP. This would be a change in CCPs business strategy which would greatly reduce costs and involve making its in-house typesetting learn redundant

Accepting Femdales offer would have the greatest effect on CCPs

A. marketing function~!

B. operations function

C. finance function

D. human resources function