Measuring the Impact of Operating Exposure Will the altered profits of the USS Reporting 美国母公司 Italian subsidiary,in euro, Environment translate into more or less in US dollars? USS/E a... Euro Competitive How will the sales,costs, Environment 意大利子公司 and profits of the Italian subsidiary change? Subsidiary's Suppliers Subsidiary's Customers Will costs change? Will prices and sales volume change?How much? An unexpected depreciation in the value of the euro alters both the competitiveness of the subsidiary and the financial results which are consolidated with the parent company. 制卧价贸易上孝Measuring the Impact of Operating Exposure US$ Reporting Environment 美国母公司 Will the altered profits of the Italian subsidiary, in euro, translate into more or less in US dollars? US$/€ Euro Competitive Environment 意大利子公司 How will the sales, costs, and profits of the Italian subsidiary change? Subsidiary’s Suppliers Subsidiary’s Customers Will costs change? Will prices and sales volume change? How much? An unexpected depreciation in the value of the euro alters both the competitiveness of the subsidiary and the financial results which are consolidated with the parent company