CHAPTER 10 RUNNING YOUR OWN MNC Recognizing Exposure to Exchange Rate Risk Recall that when you created your business idea, it was assumed that your receivables would be denominated in the foreign currency of concern upon the sale of your products. 1. Describe your exposure to exchange rate risk. That is, describe the exchange rate conditions affecting the performance of your business, Is your business subject to transaction exposure? Economic exposure? Translation exposure? Explain why your business is or is not subject to each of these types of exposure. 2. 1. What is the product that you plan to sell? We plan to become a major distributor of Universal Portable Device Chargers and Power Banks. Everyone knows what it feels like to run low or out of power and be nowhere near a: power outlet. And as luck would have it, you're probably right in the middle of a business conversation! The need for fast wireless charging, built-in cables, and AC adapters that are on the rise. Business and other individuals are also looking for lightweight and easy to carry battery banks that can charge many devices at once. Our strategy is to meet those needs and wants at every budget point