Raoul owns a dry goods store in germany and is part of the european union (eu) that uses the euro as currency. his business had steadily grown due in large part to the ability to easily export his products to other countries until the global recession began. everything that he exports is now heavily taxed, which has caused him to have to lay off a number of employees. in the event that the eu returns to using national currencies, what are some things that raoul could do to prepare?

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Business

Maryjane

25 May, 19:49

Raoul owns a dry goods store in germany and is part of the european union (eu) that uses the euro as currency. his business had steadily grown due in large part to the ability to easily export his products to other countries until the global recession began. everything that he exports is now heavily taxed, which has caused him to have to lay off a number of employees. in the event that the eu returns to using national currencies, what are some things that raoul could do to prepare?

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Rey Hill · Answer 1

Raoul can train his current employees in order to prepare them for the national currency change. He himself must also stay up to date with the differences in using national currencies vs. using the euro as currency. He can also figure out ways to possibly get discounts or deals for using national currencies. Expanding his business and services can also be a possibility now due to more customers and businesses accepting the new currency.