MGTA01H3 Chapter Notes - Chapter 5: Maple Syrup, Competitive Advantage, Canadian Business
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MGTA01H3 Full Course Notes
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Document Summary
International business business activities that involve exchanges across national boundaries. Canadian business selling to us customer, swiss business selling to cdn. Globalization the integration (mixing, combination) of markets globally. Imports products that are made or grown abroad and sold in canada. Exports products made or grown in canada that are sold abroad. The world bank uses per capita income (the average income per person of a country) to measure and divide them into one of four groups. High income country the per captia income is above u. s. ,065. Upper-middle income between u. s. ,255 and u. s. ,065. Low middle-income between and u. s. ,255 per capita income. Low income countries less that u. s. per capita income. No country can make everything quickly, cheaply and well. Some countries better equipped than others to make particular products. (china with t-shirts) In countries some things you can make others you can"t (maple syrup)
