Posted by & filed under Uncategorized.

Description: Iceland’s McDonald’s Corp. restaurants will be closed at the end of the month after the collapse of the krona eroded profits at the fast-food chain, McDonald’s franchise holder Lyst ehf said.


Date: 10/26/2009


Questions for discussion: 

  • Explain why businesses that are dependent on imported materials are at greater financial risk during a currency crises?
  • What alternatives are available to management besides closing down operations?

Leave a Reply

Your email address will not be published. Required fields are marked *