9 Consistent forecasts. Brinnington plc is a UKbased MNC with subsidiaries in most major countries. Each subsidiary
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9 Consistent forecasts. Brinnington plc is a UKbased MNC with subsidiaries in most major countries.
Each subsidiary is responsible for forecasting the future exchange rate of its local currency relative to the British pound. Comment on this policy. How might Brinnington ensure consistent forecasts among the different subsidiaries?
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