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Economics Final Project

3124 Words13 Pages

The Global Economy Final Project
This report will address the many areas that compile how the company is affected due to trade and protectionism. A strategic trade policy is a relatively recent development advanced in favor of an activist trade policy and protectionism. By analyzing the economic predictions, the analysis can be made to help the organization continue to succeed in the future.
The labor and wages will be addressed and what impact they have on the international and domestic operations. Laborers and what they get paid is a huge factor when it comes to this corporation because highly skilled workers need to be trained and invested into so that they do the best in the role they are in. Currency fluctuations will be discussed and …show more content…

The company is famous for having reliable machinery that construction companies and people depend on. According to Caterpillar.com in 2015 the company made over 47 billion dollars. This company that has been around for over 90 years has impacted the world and due to trade policies and economic variables many multinational corporations have been affected.
The Caterpillar corporation works with people and businesses to help the building of infrastructure and natural resources. Their machinery is a leading brand that has been around for many years providing solutions for small to large situations. Having such a successful brand when it comes to the construction business can be demanding and because of the type of equipment and the expense, it is important for the company to provide …show more content…

Losing market share may lead Caterpillar to cut output further, as reducing prices would erode margins, she said (Singh, 2015). The effects of currency fluctuations hold caterpillar hostage in some instance and that is when the company needs to seek ways to influence and empower. Caterpillar, which had $55.2 billion in sales last year, is all too aware of the effects of currency fluctuations. As part of its long-term strategy to minimize the volatility, the company chooses factory locations to balance the impact of currencies on costs with their effect on sales (Singh, 2015). Caterpillar company may not be the only company with market share but they know how to handle themselves when it comes to business operations domestically and

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