AFM131 Final: AFM131_ARBUS101-Final-Exam-Package
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Arbus 101/afm 131 final. Tutor & coordinator: alexandra paz- barreiras. Please note: i have not provided any notes on mikes bikes. 3 competing in global markets. Reasons for trade us & can. Geography: can shares a large stretch with us making transportation easy. Culture and language: similar; easier communication location of can"s population: mostly along the 49th parallel (closer to the us border) Can abundance of natural resources. Companies must continuously restructure plans to ensure profit is being made: Exporting: selling goods and services to another country. Importing: buying goods and services from another country. No country can produce all of their products that its people want and need. Some nations lack technological know how but are abundant in natural resources & vice versa. Mutually beneficial exchange produce what its capable of producing and buy what it needs. Free trade: movement of goods and services among nations without political or economic obstruction. The theories of comparative and absolute advantage.