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Lecture

MGTA01H3 Lecture Notes - Canadian Business, Loonie, Maple Syrup


Department
Management (MGT)
Course Code
MGTA01H3
Professor
Chris Bovaird

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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%
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