Assessment of declining dollar on US based company
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Assess the likely consequences of a declining dollar on Fluor Corporation, the international construction-engineering contractor based in Irvine, California. Most of Fluor's value-added involves project design and management; most of its costs are for U.S. labor in design, engineering, and construction-management services.
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This posting answers the student's question regarding the consequences of a declining dollar on a US based company.
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Fluor Corporation will benefit from a falling dollar since it will be more cost competitive vis-a-vis foreign contractors both at home and abroad. Its costs are ...
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