Currency depreciation, devaluation, balance of trade, cultural awareness
Not what you're looking for?
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.
Purchase this Solution
Solution Summary
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.
Solution Preview
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 ...
Purchase this Solution
Free BrainMass Quizzes
Income Streams
In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.
Introduction to Finance
This quiz test introductory finance topics.
Business Processes
This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.
Transformational Leadership
This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.