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GMS 522 Study Guide - Final Guide: Foreign-Exchange Reserves, Bema Gold, Roman Law

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burgundymole270
26 Oct 2012
School
Ryerson University
Department
Global Management Studies
Course
GMS 522
Professor
Helene Moore

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Document Summary

V international trade allows countries to specialize in those areas of economic activity to which their. Canada where demand is strongest and consumer response can be adequately gauged: second (maturity stage): export to other advanced countries ex: canada to. Adopt mass production and exploit economies of scale: third (standardized product stage): manufacture of product shifts to developing countries. Form of non-tariff barrier (ntb) used on countries to restrict free trade and protect domestic industries. v absolute quota: place a strict limit on the volume of imports coming into a country: embargo: strict sanctions on certain countries. Cultural literacy: means manager has acquired enough detailed knowledge of the culture of the target market to be able to function effectively. Partners for marketers include agents, distributors, advertising agents, and others . Recognizing diversity may suggest better solutions to challenges shared across borders.

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Related Questions

International trade organizations promote free trade by encouraging countries to 
A. Maintain their tariffs. 
B. Establish their trade quotas. 
C. Limit their protectionism policies. 
D. Develop their products.

32) Which of the following best describes the term gross domestic product? a) total value of all goods and services produced within a given period by a national economy through domestic factors of production total quantity of goods and services produced by an economic system conditions of the economic system in which an organization operates total quantity and quality of goods and services that a country's citizens can purchase with the currency used in their economic system total value of all goods and services produced by a national economy within a given period regardless of where the factors of production are located

35) An economic system will occasionally choose to concentrate its factors of production on producing some products rather than others. Through concentration and specialisation, it can make the chosen products better or more cheaply than other countries can. This is known as: a) b) trade specialisation economic concentration absolute advantage comparative advantage