ADMS 1000 Lecture Notes - World Trade Organization, General Agreement On Tariffs And Trade, High Tech

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

Document Summary

Channel of global business activity: exporting and importing. Exports allow companies to keep generating jobs and remain productive and competitive. Import give consumers choice and reduce cost: contractual agreements and strategic alliances. Licensing agreement is an arrangement whereby the owner of a product or process is paid a fee or royalty from another company in return for granting permission to produce or distribute the product or process (movie) Franchising arrangement (mc donald"s: foreign direct investment (fdi) Involves the purchase of physical assets or an amount of ownership in a company from another country in order to gain a measure of management control. Control of a company can be achieved without necessary owning 100% or even 50% interest: joint ventures, strategy alliances. Involves an arrangement between two or more companies from different countries to produce a product or service: merge and acquisitions.