If a country you are trading (Japan trading steel and iron) with has a shortage of hard currency, how should you prepare to negotiate price and why?
marketing
Description
If a country you are trading (Japan trading steel and iron) with has a shortage of hard currency, how should you prepare to negotiate price and why? Japanese traders have long kept up high costs for purchase items sold inside of the Japanese market. Accordingly, costs for Japanese items sold in different nations are frequently lower than they are in Japan. For instance, Japanese can purchase Canon Cameras from New York index retailers and have them transported to Japan at a cost underneath that of the camera bought in Japan. In addition, the higher costs for items at home, the rising estimation of the yen makes these value differentials even more extensive.
