GMS 723 Lecture Notes - Lecture 1: Iphone, Nationstates, General Agreement On Tariffs And Trade
16 Feb 2016
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International business operations: a small business that also imports or exports some products. Multinational business operations: a small business that is also a multinational business establishes one or more subsidiaries in foreign countries. Global business operations: global businesses, including beverage manufacturers and fast-food chains, create uniform products that are suitable for most international markets. In some cases, however, the companies also develop country-specific products that accommodate local tastes. You can find examples of globalization everywhere including a mexican vendor at a canadian farmer"s market, selling world cup (soccer) baseball caps, which are imported from china. This photo was taken at the mennonite farmer"s market in st. jacobs, ontario during the first week of world. Although a canadian team was not competing, millions of canadians watched the games to root for teams from the country of their parents or grandparents. Apple has been using foreign manufacturing since 2004. In today"s world, national economies are merging into an interdependent economic system.
