Class Notes (902,778)
CA (537,654)
UTSC (32,598)
MGT (624)
MGTA01H3 (350)
Lecture

MGTA03 - Week 7 - February 26, 2013.docx

4 Pages
139 Views

Department
Management (MGT)
Course Code
MGTA01H3
Professor
Chris Bovaird

This preview shows page 1. Sign up to view the full 4 pages of the document.
MGTA03 Week 7 February 26, 2013
Mid Term Test
- Saturday March 2nd
- Time : 9:00 10:30 A.M.
- 50 MQ (1,2,3,4)
- 4 SAQS
- Bring a pencil (MC) and pen (SA)
- Do not bring calculators & phones
- IC 130
Chapter 5 International Business
Principle Points
- International Trade What it is/Why it Exists
- Canada is “open” economy
- Importance of Trade to Canada
- NAFTA
- Competitive Advantage (Theory)
- Imports and Exports
International Business Defined
- “Business activities that involve exchanges across national boundaries
o Ex. Canadian Business selling to US customer
o Swiss business selling to Canadian customers (Ex. Toberlone Chocolate)
International BusinessWhy?
- Canada is an “Open Economy”
- Canada is :”open” to trade
o “Open” to flow of goods
o & services across border
- Because it raises living standards
Trade Import to Canada
- We are one of the world’s largest exporters (Canada – 11 -- $393 billion)
Canada’s Biggest Customers 2011
- USA 73.8%
- UK 4.2%

Loved by over 2.2 million students

Over 90% improved by at least one letter grade.

Leah — University of Toronto

OneClass has been such a huge help in my studies at UofT especially since I am a transfer student. OneClass is the study buddy I never had before and definitely gives me the extra push to get from a B to an A!

Leah — University of Toronto
Saarim — University of Michigan

Balancing social life With academics can be difficult, that is why I'm so glad that OneClass is out there where I can find the top notes for all of my classes. Now I can be the all-star student I want to be.

Saarim — University of Michigan
Jenna — University of Wisconsin

As a college student living on a college budget, I love how easy it is to earn gift cards just by submitting my notes.

Jenna — University of Wisconsin
Anne — University of California

OneClass has allowed me to catch up with my most difficult course! #lifesaver

Anne — University of California
Description
MGTA03 – Week 7 – February 26, 2013 Mid Term Test - Saturday March 2 nd - Time : 9:00 – 10:30 A.M. - 50 MQ (1,2,3,4) - 4 SAQS - Bring a pencil (MC) and pen (SA) - Do not bring calculators & phones - IC 130 Chapter 5 – International Business Principle Points - International Trade – What it is/Why it Exists - Canada is “open” economy - Importance of Trade to Canada - NAFTA - Competitive Advantage (Theory) - Imports and Exports International Business – Defined - “Business activities that involve exchanges across national boundaries” o Ex. Canadian Business selling to US customer o Swiss business selling to Canadian customers (Ex. Toberlone Chocolate) International Business—Why? - Canada is an “Open Economy” - Canada is :”open” to trade o “Open” to flow of goods o & services across border - Because it raises living standards Trade – Import to Canada - We are one of the world’s largest exporters (Canada – 11 -- $393 billion) Canada’s Biggest Customers 2011 - USA – 73.8% - UK – 4.2% - China – 3.8% - Japan – 2.5% - Trade = 25 – 30 % of Canadian GDP - International trade is really important to Canada because it represents 30% of our economic activity - We are very dependent on the Americans and it is actually a bad thing o Ex. Recession NAFTA - North America Free Trade Agreement - Canada, USA and Mexico - 450 million people - No barriers, no protection - Promotes trade between the three Why do we Import and Export? - Competitive Advantage o The theory that explains what we should import and export - No country can make everything quickly, cheaply and well - Some countries can make things quicker, cheaper, better than others - Faster, cheaper and easier to make some things here - Faster, cheaper and easier buy other things from elsewhere - Some things we can make - Other things we can’t Absolute Advantage - A nation can produce some goods or services that other countries can’t - Why? o Geography o Climate o Language o Culture o Workforce Absolute Advantage: Example - A product that Canada can harvest, extract, make or supply that other countries can’t o Simply because it’s here  Maple syrup  Oil  Potash (High quality fertilizer) Comparative Advantage -
More Less
Unlock Document


Only page 1 are available for preview. Some parts have been intentionally blurred.

Unlock Document
You're Reading a Preview

Unlock to view full version

Unlock Document

Log In


OR

Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit