MGMT 100 Lecture Notes - Lecture 3: General Agreement On Tariffs And Trade, Foreign Direct Investment, Devaluation
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5. barriers, and give examples of common markets. Illustrate the strategies used in reaching global markets and explain the role of multinational. Evaluate the forces that affect trading in global markets. Debate the advantages and disadvantages of trade protectionism, define tariff and non-tariff: chapter 3: competing in global markets. Describe the importance of the global market and the roles of comparative advantage and. Explain the importance of importing and exporting and define key terms used in global. Discuss the changing landscape of the global market. Globalization: companies manufacture, finance, and market worldwide. Canada represents a potential market of only 35 million customers. There are over 7 billion potential customers globally in 195 countries. Free trade: the movement of goods and services among nations without political or economic obstruction. No country, not even a technologically advanced one, can produce all of the products that it"s people want and need. We trade to get goods that are not available locally. o.