MB701 – International Management of Finance – 21S1A

Assignment task
Multi-Hardware Plc is a UK listed company that manufactures and sell high quality building materials
to various customers, both corporate and individuals within the domestic market. Recent
unfavourable events have meant that the directors must rethink the company’s strategic position
within the market in order to survive competition from within the UK and from foreign competitors.
In the last six years, company has enjoyed success in sales, profitability, increased share price and
dividend pay-outs due to less competition in the UK market.
In 2020, the UK government lifted the ban on foreign competition in the UK hardware market
resulting in an increased competition from European Union, India and China. As a result of this,
there is a huge influx of both quality and cheap building materials from the European Union, India
and China which has now brought business to a tragic head. Both the share price and profitability
have been on the decline for the first time in the history of Multi-Hardware Plc. In the last 6 months,
gross profit has declined by 50% over the same period last year and the trend is expected to
continue into the foreseeable future if no serious robust action is taken to reposition itself in the
hardware market.
At the last strategic meeting of the Board of Directors, it was decided that the way forward is to
extend its trading business internationally using two investment options below.
Module code
and title:
MB701 – International
Management of Finance –
Module leader:
No. and type:
CW1: Coursework (2,500 words) Assessment
time and date:
6th April 2022 – Before 2pm UK
Target feedback
time and date:
29th April 2022
Option 1:
Relocating the production plant to India where the cost of labour is a third of that of the United
Kingdom. The products from India will then be sold both in the local market and abroad. The
lower cost of sales and access to foreign market as well as UK market meant that the
company could increase profitability and maintain their competitive position.
1. Continue production in the UK but investing further in plant and machinery that can produce
both high quality products as before, and produce cheap products to compete with the foreign
competitors who sell cheap products mainly in the UK market.
The directors recognise that if they do trade abroad, they may have to use appropriate financial
instruments to protect their investments against foreign exchange risks.
Adopting any of the above options will involve a huge investment in capital. Assume that both
projects have a positive Net Present Value.
1. Critically discuss THREE investment appraisal methods that can be used by Multi-Hardware
Plc to arrive at the decision to invest in any of the two options above. You may use assumed
figures for illustration. (30 marks).
2. Discuss in detail, THREE methods that can be adopted by Multi-Hardware Plc in protecting
their investments abroad against foreign exchange risks. (30 marks).
3. Critically discuss, giving real examples, the Strategic, Financial, Ethical and the regulatory
implications of relocating the manufacturing plant to India. (30 marks).
4. Note that marks will be awarded for Structure. Structure includes the orderly presentation of
relevant material and the extent of research evidenced by the appropriateness and adequacy
of in-text referencing and bibliography. There must be a Cover Page and Contents Page,
paragraphs of Introduction and conclusion and pages must be numbered. (10 marks).
This assignment has been designed to provide you with an opportunity to demonstrate your
achievement of the following module learning outcomes:
LO:1 Critically review the methods available to a company to establish itself and trade successfully in the
international market.
LO:2. Evaluate and compare the financial instruments used by multinational corporations to minimise risk
and maximise shareholder returns
Task requirements:
From your report you will obtain marks for the following:
1. Identification of three investment appraisal options (definitions, explanations,
illustrations, benefits and the shortcomings). You will be required to make up your
own figures and use that as an illustration. (10 marks for each option discussed,
max 30 marks).
2. Identification, definitions, explanations, illustration, benefits and problems of using
any three of the methods for protecting a company against foreign exchange risks.
(10 marks for each option discussed, max 30 marks).
3. For each of the options given in the case study, you are required to discuss in detail,
the implications of the factors listed, giving specific recent examples. (7.5 marks for
each off the impacts fully discussed, Max 30 marks).
All discussions must make reference to Multi-Hardware Plc and specific examples
from relocation to India.
4. Note that marks will be awarded for Structure. Structure includes the orderly presentation of
relevant material and the extent of research evidenced by the appropriateness and adequacy of intext referencing and bibliography. There must be a Cover Page and Contents Page, paragraphs of
Introduction and conclusion and pages must be numbered. (10 marks)
Referencing and research requirements
Please reference your work according to the Harvard style as defined in Cite Them Right Online
(http://www.citethemrightonline.com). This information is also available in book form: Pears, R. and
Shields, G. (2019) Cite them right: the essential reference guide. 11th edn. Basingstoke: Palgrave
Macmillan. Copies are available via the University library.
How your work will be assessed
Your work will be assessed against the assessment criteria which have been provided at the end of this
These criteria have been designed specifically for this assignment and are intended to measure the extent
to which you have demonstrated your achievement of its associated learning outcomes (see above). They
have been aligned with the institutional grade descriptor appropriate for your level.
The assessment criteria provide a basis for fair and consistent marking and indicate what is expected of
you in this assignment. It is strongly recommended that you engage with them while you are working on
the assignment and use them in combination with any feedback you receive once your work has been
marked to help you plan for future learning and development.
Submission details
• This assignment should be submitted electronically. Please use the relevant Turnitin submission
point in the Submit your work area in your Blackboard module shell.
• Please ensure that your work has been saved in an appropriate file format. Turnitin will only accept
the following file types: Microsoft Word, Excel or PowerPoint, PostScript, PDF, HTML, RTF,
OpenOffice (ODT), Hangul (HWP),Google Docs, or plain text. Your file must also contain at least
20 words of text, consist of fewer than 400 pages and be less than 40MB in size.
• You can submit your work as many times as you like before the submission date. If you do submit
your work more than once, your earlier submission will be replaced by the most recent version.
• Once you have submitted your work, you will receive a digital receipt as proof of submission, which
will be sent to your forwarded e-mail address (provided you have set this up). Please keep this
receipt for future reference, along with the original electronic copy of your assignment.
• You are reminded of the University’s regulations on academic misconduct, which can be viewed on
the University website: https://bucks.ac.uk/__data/assets/pdf_file/0024/9546/Academic-MisconductPolicy.pdf. In submitting your assignment, you are acknowledging that you have read and
understood these regulations
• Please also note that work that is submitted up to 10 working days beyond the submission date will
be considered a late submission. Late submissions will be marked and the actual mark recorded,
but will be capped at the pass mark (typically 40%), provided that the work is of a passing standard.
Work submitted after this period will not be marked and will be treated as a non-submission.
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