GMS 200 Chapter Notes - Chapter 3: Asia-Pacific Economic Cooperation, North American Free Trade Agreement, Southern African Development Community

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Deborah De Lange

Document Summary

, resource supplies, markets, and competition are worldwide, rather than local. It is affected by globalization the growing interdependence of the global economy. World 3. 0 is where nations cooperate while respecting national interests. A global manger multicultural people, aware of regional developments in a changing world involves managing operations in more than one country should be aware and informed of international affairs, transnational in outlook, competent in working with. Conduct for profit transactions of goods and services across national boundaries. Suppliers new resources for products and services. Market entry strategies: involve the sale of goods or services to foreign markets but do not require expensive investments. Global sourcing: is the process of purchasing resources around the world for local use. Exporting: selling locally made products in foreign markets. Importing: buying foreign-made products and selling them domestically. Licensing refers to a firm paying for the rights to make or sell a product.