Assume that the income levels in U. K. start to rise, while U. S. income levels remain unchanged. This will place pressure on the value of British pound. Also, assume that U. S. interest rates rise, while the British pound remains unchanged. This will place pressure on the value of British pound.

Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.