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t following questions define or depending on the project what the product that you plan to sell? What foreign country do you plan to target?
t
following questions define or depending on the project
what the product that you plan to sell?
What foreign country do you plan to target?
how will you sell the product in that country ( through a distributor or app or email )
do you need to purchase supplies or to hire labor ?
explain how you will use the spot market for your business ?
what bank do you plan to use to exchange the foreign currency received for your local currency ?
Create an idea for your own MNC to conduct international business. Your idea should be simplified to the degree that you could possibly implement it someday. However, your idea should also be sufficiently creative to be successful if done properly. Your idea should focus on one country and one foreign currency, since many MNCs are focused in this manner when they are first created. So that you can recognize the issues regarding exchange rate risk that are discussed throughout this text, you should assume that you will receive foreign currency when selling your product. Your idea should be for a small MNC instead of a large MNC because even most large MNCs began as small firms. For each chapter, you will answer questions that aim to shape your own MNC. Create an idea for your own MNC to conduct international business. Your idea should be simplified to the degree that you could possibly implement it someday. However, your idea should also be sufficiently creative to be successful if done properly. Your idea should focus on one country and one foreign currency, since many MNCs are focused in this manner when they are first created. So that you can recognize the issues regarding exchange rate risk that are discussed throughout this text, you should assume that you will receive foreign currency when selling your product. Your idea should be for a small MNC instead of a large MNC because even most large MNCs began as small firms. For each chapter, you will answer questions that aim to shape your own MNC
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