In my business, global currencies fluctuations affecting revenue is just part of doing business globally. We don\'t go raising prices every time the exchange rate moves. You report it in your financial report as effects of changing currencies. You definitely do not cancel your customers order so that you can change your price because of currencies changes. You raise prices to the new orders, not to those already ordered. I think Canon is not doing itself a favor in this time of economic turmoil. They are just giving all their otherwise committed customers a chance for a second thought. I do hope that they are economically impacted but this bad decision.
In my business, global currencies fluctuations affecting revenue is just part of doing business globally. We don\'t go raising prices every time the exchange rate moves. You report it in your financial report as effects of changing currencies. You definitely do not cancel your customers order so that you can change your price because of currencies changes. I think Canon is not doing itself a favor in this time of economic turmoil. They are just giving all their otherwise committed customers a chance for a second thought. I do hope that they are economically impacted but this bad decision.
Nov 07, 2008 at 11:38 PM
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