AFM131 Study Guide - Final Guide: Canada–United States Automotive Products Agreement, Export Development Canada, Protective Tariff

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM131
• Professor: Robert Sproule

Document Summary

Profile: getting to know lisa oldman and joy rosen of portfolio entertainment inc. Regularly keeping in touch with foreign clients and contacts. Up to date database to keep track of industry changes. Advertises in trade magazines -- meet new potential clients in international trade shows. Importing -- buying goods and services from another country. Exporting -- selling goods and services to another country. Not one country can produce all products wanted and needed by their people. Other nations who cannot produce products themselves look for ways to meet the needs of their people. Some nations have lots of natural resources but don"t have a good background in technology -- ex. Some nations have the technological background but don"t have the resources -- ex. Movement of goods and services among nations without political or economic obstruction. Global market contains more than 6 billion potential customers. Productivity grows when countries produce when they have comparative advantage.