You are a manager of Nike based on Beaverton, Oregon. The CEO has decided to open...

You are a manager of Nike based on Beaverton, Oregon. The CEO has decided to open a new shop in Chile for first time and would like to send you up there as new manager. Discuss the implications of the global monetary system we learned in class on your work in Chile. 200 words

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Expert Solution

Implications in Global monetary systems are:

All the countries should support international trade, foriegn investments , have smooth relationships between countries and have mutual cooperation for growth of countries economically and also their financial instituations.

As a Manager my major challenge is to create market for our brand in that country. As there are trade relationship agreement which are under rules and guidelines of International monetary policy we will take the help of the government for having smooth run of our showroom and other any useful resources from government will also be used.

The major problem will be is to capture the local market and the price startergies that are to be followed along with marketing of products. Price stratergies will be always done basing on government taxes and excemptions etc which will play a key role which are also part of this global monetary system.

Thus these are the implications that will be learned in the global monetary system.

Rahul Sunny answered 1 year ago

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