ADMS 1000 Study Guide - Final Guide: Paradigm Shift, M&M Food Market, Bell Canada

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Eytan Lasry

Document Summary

Chapter# 6- the global context for local consumers (mcdonalds, nike, sony) cross-border transactions. Involves direct foreign-investment across globe expand market for increased sales, a company declining domestically may also benefit from a global sale growth. Shift toward interdependent single economic system, the global economy/market. Converging consumer preference around world with minor modif. Global market makes increased stake holders (domestic/foreign competitors, workers, industries, governments, international cultures, economies) Globalization process involving mixing/expanding of world economies, by. Trade blocs indicates pace at which nations integrate their economies (e. g. nafta, free trade agreement b/w canada, us, mexico) Production growing into global affair where businesses produce wherever cheapest. Going global includes 2 factors (pull factor, push factor) Pull factor reasons a business would gain from entering the international context (potential for sale growth, obtaining needed resources) Potential for sales growth central aim of globalizing is to help businesses.