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Exporting Goods.
Member rating: No Rating | Words: | Submitted: Mon Dec 01 2003
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Exporting Goods Although Fit - for - Life will be selling to domestic customers it will in the future rely on sales to foreign customers. Goods (sometimes called visibles) and services (sometimes called invisibles), which are sold to foreign customers, are known as EXPORTS. Fit - for - Life will sell products to foreigners this could be trainers and other sportswear. Fit - for - Life (a British company) receives the money from the sale of the trainers. So the trainer is an exported good as it is a good sold to foreigners. Exchange Rates A British customer is likely to pay for a Fit - for - Life product in pounds sterling. However a French customer is likely to pay in Euros. The price of euros for pounds, the EXCHANGE RATE, is frequently changing. The changes can have a vital effect on Fit - for - Life. The exchange rate at present is...
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