The book: David, P. (2013). International logistics: The management of international trade operations (4th ed.). Berea, OH: Cicero Bo
These are the chapters for this discussion:
- Chapter 8: Managing Transaction Risks
- Chapter 9: International Commercial Documents
- Chapter 10: International Insurance
- Chapter 11: International Ocean Transportation
The discussion question:
Find the price of a Big Mac at a local McDonald’s. Compare your price for a local Big Mac against the “Big Mac Index”(http://www.economist.com/node/13055650?story_id=E1_TPDVVGVD). Select a country and try to explain why there may be a discrepancy between the Big Mac Index based on the exchange rate and the actual price of a Big Mac.Be sure to respond to at least two of your fellow student’s posts.