Explain how movement in a currency's exchange rate affects the activities of both domestic and international companies. Discuss how companies can export successfully despite having a strong currency.
What will be an ideal response?
Question 2
Explain the concept of devaluation, and explain the effect devaluation has on the price of a country's imports. Discuss how international companies can adjust to a weak currency.
What will be an ideal response?
Question 3
The ________ view says that a company should maintain its home-country ethics wherever it operates because the home-country's view of ethics and responsibility is superior to others' views.
A) Friedman
B) righteous moralist
C) cultural relativist
D) utilitarian
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