You are a member of the operations and management team of a company based in Lon

Question

You are a member of the operations and management team of a company based in London. Your company imports raw materials from Italy and France and have the products assembled in Portugal. From there, the products are sold in mainland Europe, the UK and the US. Most polls indicated that the UK will not exit the EU so you were all caught by surprise when the voting results showed otherwise. You now have a lot of contingency planning to do. How will your business be affected by UK's exit from the EU?

Explanation / Answer

With the fall of UK from European Union, the price of British pound will decrease in comparison to other countries. This will pose threat for others who are exporting to britain or dealing in pound as they will get less price for their exports. Buyers will also try to buy from uk because it will be comparatively cheaper to buy from britain due to exchange rates

Related Questions

Navigate

• Browse (All)
• Browse Y
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.