your own big mac index

For this task, you will first create your own ?Big Mac index? on a product of your choice using the Excel spreadsheet template provided. You will then complete your analysis by writing a brief synopsis of your findings. To complete this assignment, review the Module Two Spreadsheet Activity Guidelines and Rubricdocument.
int_620_module_two_spreadsheet_activity_guidelines_and_rubric.pdf

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INT 620 Module Two Spreadsheet Activity Guidelines and Rubric: Your Own ?Big Mac Index?
Overview: For this task, you will first create your own ?Big Mac index? on a product of your choice using an Excel spreadsheet. You will then complete your
analysis by writing a brief synopsis of your findings.
Prompt: Follow these steps to create your own ?Big Mac Index.? Use the Module Two Spreadsheet Task: Template and Worksheet to complete this task.
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Product Selection: Select a product you are interested in. For example, if you like bananas, you may choose bananas.
Price Research: Find prices for your selected product in five different countries around the world, apart from the United States. You will use the U.S.
price as a base.
Spreadsheet: Use the template to create a spreadsheet that compares the price of the selected product in USD to prices for the product in international
markets. To complete this part, you can reference the website Global Cost of Living in the module resources. For training on how to use Excel, visit the
SNHU Atomic Learning video training site or search YouTube to view appropriate Excel training videos.
Currency Determination: Calculate the percentage difference in USD product price and the selected foreign market prices. Based on your product and
calculation, is the currency undervalued or overvalued?
Purchasing Power: How many minimum hourly wages in each of the five countries does it take to purchase the selected product? To complete this part,
refer to the webpage World Economic Forum ? Minimum Wage Tracker.
Summary: This short write-up should be done directly as a short paragraph in your Excel spreadsheet.
? What have you learned from this exercise?
? Is your chosen product cheaper in the United States or in foreign markets?
? Did you find that, based on hourly salary, the product is more affordable in the United States? If not, which country had the most affordability?
This activity should inform your work on your final global expansion proposal.
Rubric
Guidelines for Submission: Download the template provided and submit your completed Excel spreadsheet.
Critical Elements
Product Selection
Price Research
Spreadsheet
Currency Determination
Proficient (100%)
Selects a product of interest
Finds prices for the selected product in five different countries
around the world, apart from the United States
Creates a spreadsheet that compares the price of the selected
product in USD to prices for the product in international
markets
Calculates the percentage difference in USD product price
compared to the selected foreign market prices
Not Evident (0%)
Does not select a product of interest
Does not find prices for the selected product in five different
countries around the world, apart from the United States
Does not create a spreadsheet that compares the price of the
selected product in USD to prices for the product in
international markets
Does not calculate the percentage difference in USD product
price or compare it to the selected foreign market prices
Value
18
18
18
18
Purchasing Power
Summary
Determines the minimum hourly wages in each of five
countries to purchase the selected product
Provides a short summary in the Excel spreadsheet
Does not determine the minimum hourly wages in each of five
countries to purchase the selected product
Does not provide a short summary in the Excel spreadsheet
Total
18
10
100%

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