it exposes itself to risk. The risk arises because currencies may move in relation to each other. If a firm is buying and selling in different currencies, then revenue and costs can move upwards or downwards as exchange rates between currencies change. If a firm has borrowed funds in a different currency, the repayments on the debt could change or, if the firm has invested overseas, the
purchasing power of currency a day and it is difficult to decide the exchange rate which is advantageous to one’s country due to the complicated relations of every country in the world. The exchange rate policy of Korea has changed variously since the Second World War.
4. 1. The fixed exchange rate system ( 1945. 10 ~ 1964. 5 )
A fixed exchange rate system is a currency system in which gove
Opened in 1984
Fast Retailing Co.
SPA began in 1997
1st overseas expansion in UK
Now total 953 stores (144 overseas)
Independence
Managers with more power& autonomy
ex) Sales & inventory managing
Education
Managers are future CEO!
Mandatory employees training
overseas suppliers/manufactures which don’t provide same flexibility as these suppliers could request orders to be placed few months in advance.
Zara is outsourcing all the labour intensive tasks mainly the sewing, while the cutting is done in-house. This produces of saving labour cost, flexibility of meeting deadlines, keeping the designs/fashions strictly controlled.
Labeled and pric
overseas markets.
The first shop in Korea opened in November 2003 and since then the market sales has dramatically increased and also it has expanded many other stores to the whole country.
2) History
Aim points
Naturalism ‘The Face Shop’ Naturalism, products inspired by nature.
Variety ‘The Face Shop’ offers variety to meet the all.
Value ‘The Face Shop’ offers high
Specialty Retailer’s Store of Private Label Apparel
· high Quality & rational Price
· 생산 및 직영 형태 유통 판매
· Out sourcing
Fast Fashion - fast response & fast purchase
· Customer Feedback
· Reflect the Fashion trend
Approach by Theory
1st / 2nd Survey
Market Analysis
Visiting off-line Shop
Make promotion - Advertisement
1. SPAO with SM E
purchased the corporation back from Beatrice
Foods in 1982.
Means of expanding nationally and internationally
: Reliance on franchising “associate” stores and opening a few new company-owned stores
Franchise licenses were granted only to candidates who have experience in multi-unit food
establishments and who possess adequate capital to finance the opening of new stores in
purchasing amount is so small.
Providing working environment differentiated by Chinese company.
- Adopting an advanced training program to China.
- Increasing local R&D investment and strengthening to bring up R&D resources.
- Constructing the working environment differentiated from Chinese companies by introducing advanced corporate culture as well as technology transfer.
=
purchase price, after deducting accumulated amount of amortization and accumulated amount of impairment. Amortization amount is estimated by straight line method over the estimated useful life.
Residual value, useful life, method of depreciation are revalued at the end of every fiscal year. After revaluation, an intangible asset shall be carried at a revalued amount, being its fair value at the