MGCR 382 Lecture 1: IB class 1 & 2
3 Apr 2016
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Document Summary
Firms mist adjust to different legal systems & principles. Taxation, employee compensation, foreign exchange transactions, intellectual property rights. Government intervention may involve different rules that restrict market access. Hong kong & singapore have the highest levels of economic freedom. Adverse climatic conditions and the probability of natural disaster. A changed value of the firms assets & liabilities. Potential loss or failure from poorly developed or executed business strategies, tactics, procedures & timing. Application of these skills requires a multi disciplinary approach. Where its produced and who its sold to and where. Fast growth economies, brazil, russia, india and china. Viable and necessary for firms of all sizes. Increasing national prosperity and rising living standards by providing access to more markets. International trade is an engine for job creation. Us and canada, every 1 billion rise in exports creates 20,000 new jobs. Us, 1 out of every 7 of us. Gain new ideas about products, services, business methods.
