What are some implications of currency depreciation, devaluation, and appreciation for the US Dollar compared to a foreign currency? How does a strong U.S. dollar affect the balance of trade for USA? Why?
What role do cultural sensitivity and awareness play in the success of a global expansion effort? Specify how a well developed cultural awareness can help in a global expansion effort and give examples. Also give an example how cultural insensitivity can hurt the expansion effort.
Many implications are possible with currency depreciation, devaluation, and appreciation for the US Dollar compared to a foreign currency. For example, the European tourists are highly benefitting from it because of the surge in sales in New York. Because of this, there is a high surge in hotel occupancy and restaurant reservations. The dollar has had an impact on GDP, and the international trade receives a positive effect from it. Those that live domestically are paying higher prices for imported goods. For those businesses that are small and mid-size, they are struggling to find ways in which to survive in the midst of the weak dollar. An increase in oil prices ...
This solution provided implications of current depreciation and so forth of the US dollar as well as how cultural sensitivity and awareness assists a company in its expanding efforts.