Scenario
You imported goods into the country to sell last year December. As at the time, the cedi was trading roughly around 6.5 to a dollar.
Your old stock is yet to finish but the dollar is now trading around almost 8 cedis to a dollar.
Are you going to sell your products at the price you bought it with the profits margin from December or you will increase prices and sell at the current market prices even though you bought the goods at a cheaper rate last year.
- In The Face Of The Current Fast Depreciation Of The Ghanaian Cedi Against The Major Trading Currencies Especially The Do 1 (62.91 KiB) Viewed 77 times
To make it simple we need to find 3 or more reasons why the business man or woman should sell the goods at the current rate and explain it
In the face of the current fast depreciation of the Ghanaian cedi against the major trading currencies especially the dollar, explain 4 things will you do as a business man or woman in the below circumstances with your knowledge in business ethics. Scenario You imported goods into the country to sell last year December. As at the time, the cedi was trading roughly around 6.5 to a dollar. Your old stock is yet to finish but the dollar is now trading around almost 8 cedis to a dollar. Are you going to sell your products at the price you bought it with the profits margin from December or you will increase prices and sell at the current market prices even though you bought the goods at a cheaper rate last year. 09:05