[ORDER SOLUTION] Engagement Currency Risk
Currency risk is inherent in almost all things sourced from overseas i.e. are imported.For each of the instances below, write a paragraph (one for each instance) on how the business might deal or “solve” currency risks more specifically when the item being imported suddenly costs considerably more (assume 10% more) in U.S. Dollars.Hershey Candy Bars sold via vending machines – Candy bars contain chocolate which is imported and comprises half the cost of the productA Los Angeles to London airline ticket on British Airways where the salary of the flight crew and landing fees paid to the London Airport etc comprise 50% of the cost of transportationNike basketball shoes made in Vietnam where 100% of the cost of labor and materials is paid for in the local Vietnamese currency (Dong)
