Question
In this scenario, you provide tours in the United Kingdom and Switzerland.Any company that does business internationally must always monitor countries' currency exchange rates with
In this scenario, you provide tours in the United Kingdom and Switzerland.Any company that does business internationally must always monitor countries' currency exchange rates with its home country. Research the current exchange rate and the previous years' exchange rates of two countries. How do currency fluctuations affect tour pricing, popularity, and ultimately, profit? You priced both your tours for this year at $3000.How much higher, if any, would you need to raise your prices due to the change in exchange rate in this year? Describe what you would do to mitigate the situation. Be sure to completely explain your answer, reference the links
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