RSM100Y1 Lecture Notes - Lecture 1: Maple Syrup, European Debt Crisis, Canadian Dollar
Document Summary
Inte rna tiona l bus ine s s i: ove rvie w & globa l tra de. The ca na dia n dolla r is going up wha t ca us e s the fluctua tion of va lue : Bringing coa l to ne wca s tle . Cultura l ba rrie rs pos s ible s olution: bring s ome one a long, le a rn the culture. Re lia nce on s pe cific ve ndor try to ha ve ba ckup pla ns. Little control ove rs e a s , ma y da ma ge your re puta tion. Le ga l ris ks look a t countrie s policie s , hire a la wye r. Imba la nce be twe e n e xports a nd imports. Fluctua tions of the e xcha nge ra te s fore ign e xcha nge contra cts.
