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    Can someone please help me and write a example answer for this question i have been struggling on how to structure.

    Assess the effect of a weaking pound against the euro on the profits of high street retailers
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    Think about the acronym SPICED
    It stands for:
    S - Strong
    P - Pound
    I - Imports
    C - Cheap
    E - Exports
    D - Dear/expensive

    And it would be opposite for a weak pound.

    Using this, you could start off by saying that a strong pound may lead to more products being brought overseas as you can buy more for your pound (cheaper imports) this would lead to less money being spent in the UK economy therefore high street retailers will generate lower amounts of revenue and profits. (BUILD ON FROM HERE)

    You could also then say how this would lead a budget deficit and how it could further affect high street retailers as government may increase taxes as not enough money is coming into the UK and to possibly increase the value of the pound.

    That's just some ideas, try to link one problem to another and always link back to the question. I've done a strong pound sinario so you can try the weak pound.
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    (Original post by TheArabEconomist)
    Think about the acronym SPICED
    It stands for:
    S - Strong
    P - Pound
    I - Imports
    C - Cheap
    E - Exports
    D - Dear/expensive

    And it would be opposite for a weak pound.

    Using this, you could start off by saying that a strong pound may lead to more products being brought overseas as you can buy more for your pound (cheaper imports) this would lead to less money being spent in the UK economy therefore high street retailers will generate lower amounts of revenue and profits. (BUILD ON FROM HERE)

    You could also then say how this would lead a budget deficit and how it was further affect high street retailers as government may increase taxes as not enough money is coming into the UK.
    Amazing acronym. Thanks for your help bud. Im gonna need help in my business studies since i missed out quite alot and finding it hard to catch up. Reckon you can help me?
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    (Original post by TheArabEconomist)
    Think about the acronym SPICED
    It stands for:
    S - Strong
    P - Pound
    I - Imports
    C - Cheap
    E - Exports
    D - Dear/expensive

    And it would be opposite for a weak pound.

    Using this, you could start off by saying that a strong pound may lead to more products being brought overseas as you can buy more for your pound (cheaper imports) this would lead to less money being spent in the UK economy therefore high street retailers will generate lower amounts of revenue and profits. (BUILD ON FROM HERE)

    You could also then say how this would lead a budget deficit and how it was further affect high street retailers as government may increase taxes as not enough money is coming into the UK.
    To build upon this point, you can also talk about how with a depreciated pound each retailers supply chain will become more expensive due to having to pay their workers in other countries, if the good is made in another country, a different currency of which you now get less of as the pound has depreciated.... and so on
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    (Original post by Shabby33)
    Amazing acronym. Thanks for your help bud. Im gonna need help in my business studies since i missed out quite alot and finding it hard to catch up. Reckon you can help me?
    I'll be glad to help you. Drop me a private message on any questions and I'll try to explain it as much as possible. I can also give you much more acrynoms.
 
 
 
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