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New Tariff
You have a manufacturing plant in Mexico. The plant makes products that are brought back to the US for resale. The new President of the US has just imposed a 45% tariff on goods brought in from Mexico. You are effectively out of business. How would a scenario plan have prevented your business from failure? What would your plan be if the scenario happened?
No More than 250 words or less
Verified Expert
The paper helped in presenting a scenario plan to prevent the business from experiencing any kind of failure as the US President has imposed a 45% tariff on goods brought in from Mexico. It has been evaluated that scenario planning is regarded as an assumption on how the business environment is going to change and what the future is going to be. It is seen that In order to avoid 45% tariff the manufacturing plant is required to implement an approach by following export or import regulations, supplier identification along with indirect and direct tax planning. The paper helped in determining that a disconcerted trade setting could be regarded as a productive ground for the organization to maximize its adaptability as well as resilience.
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