1). Most all people unwittingly purchase many imported goods. It might be an interesting exercise to check your recent purchases to see how many items include a â€œMade in Chinaâ€ tag. The U.S. has long criticized Beijingâ€™s policymakers of keeping the Yuan (Chinese currency) artificially cheap to give Chinese exports an unfair advantage in global markets. Explain how China has been able to devalue their currency, the more specific the better.
After you watch the case study, please answer the questions:
- What critical errors do you see in the initial planning phase of the Clean-Air Carpet Cleaning Company?
- What economic factors do you think Susan, Frank, and Jimmy should have included in their plans for the Clean-Air Carpet Cleaning Company?
- What operational improvements would you have suggested for the Clean-Air Carpet Cleaning Company?
- What do you think were the main factors contributing to the failure of the Clean-Air Carpet Cleaning Company?