COMMERCE 2MA3 Lecture Notes - Lecture 99: Toyota 86, Franchising, Waste Management
6 Dec 2016
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Document Summary
Globalization the increased flow of goods, services, people, technology, capital, information, and ideas around the world; has economic, political, cultural, and environmental impacts. Assessing global markets pest analyzing the political and legal environment. Tariff: duty or tax / artificially raises prices/ lowers demand. Penalties or restrictions imposed by one country to another. Related to importing and exporting goods, services and investments. Embargo: prohibits trading with a certain country or specific good by other countries. Tarrif & quotas = both benefit domestically made products because they reduce foreign competition. Groups refusal to deal commercially with some organization to protest its policies. Dissatisfied global consumers: with u. s war policy, avoidance of u. s products and services. Groups such as ethical consumer publish current boycott lists. Exchange control = regulation of a countr(cid:455)"s currenc(cid:455) e(cid:454)change rate. Exchange rate = measure of how much one currency is worth to another. Trade agreements = intergovernmental agreement designed to manage and promote trade activates for specific regions.
