Learning Plan 2
Assignments
LP2 Assignment: International Trade
This assignment will assess the competency 2. Explore global business.
Directions:
Companies that are involved in international trade have to be mindful of the foreign exchange
rates of currency. The exchange rate is how much one countries currency can buy of another
countries currency. Sometimes 1 US Dollar can purchase more or less of another countries
currency. Imagine you are a business owner and want to expand your business into the Japanese
market. Use the research you accomplished in the learning activity and your textbook to answer
the following questions.
• Explain what importing and exporting is.
• Explain how many Yen does one US dollar buy as of the day of your assignment?
• Over the past year is the dollar growing stronger (buy more Yen per Dollar) or is it
growing weaker (buy fewer Yen per Dollar)?
• Explain if you were a US exporter selling your products to Japan, how would the prices
of your products to your Japanese customers be affected when the Dollar was stronger
than the Yen? And how would prices be affected when the Yen was stronger than the
Dollar?
Provide your report in a word document with standard formatting either single or double spaced
in 12 point Times New Roman font. Use proper spelling, grammar, and punctuation. Your report
should be between 150 and 1000 words long, longer reports will be accepted so feel free to go
over the minimum.
1) Explain what importing and exporting is.
Exporting or Selling Abroad: a ware, article, or administration sold abroad.
Importing or Bringing in: merchandise or administrations into a nation from abroad available to be
purchased.
Exporting / Selling abroad and Importing / bringing in are two techniques for growing your business.
Exporting or Selling abroad permits you to develop your business by taking advantage of new abroad
markets, growing system contacts and presenting you to new thoughts and techniques that you might
not have considered some time recently.
Importing or Bringing in, can extend your business by giving you a chance to achieve new household
markets. An Importing/bringing in system can help you make business progress by decreasing
assembling costs and permitting you access to new items you may not generally have possessed the
capacity to give.
{Live Dollar to Yen Exchange Rate (USD/JPY) Today} allows you to compare the live inter-bank currency
rate with competitive travel money exchange rates available within the foreign exchange markets.
Welcome to the Dollars to Yen page, updated every minute between Sunday 22:00 and Friday 22:00
(UK)
1 USD = 101.9665 JPY
