GMS 200 Study Guide - North American Free Trade Agreement, Most Favoured Nation, Multinational Corporation

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amethystshark238

19 Apr 2011

School

Ryerson University

Department

Global Management Studies

Course

GMS 200

Professor

Shavin Malhotra

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GMS 200 Full Course Notes

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N global economy: resources, markets, and competition are worldwide in scope. N globalization: the process of growing interdependence among elements of the global economy. N global manager: culturally aware and informed about international affairs. International management: involves managing operations in more than one country. N european union: a political and economic alliance of european countries. N nafta: the north american free trade agreement linking canada, the united states, and. N maquiladora: foreign manufacturing plants that operate in mexico with special privileges. N similarities: economies that are growing at more than three times the average rate of other industrialized countries, big populations, N asian countries represent a third of the global marketplace. International business: conducts commercial transactions across national boundaries. Why companies go international: profits, customers, suppliers, captial, labour www. notesolution. com. N market entry strategies: involve the sale of goods or services to foreign markets but do not require expensive capital investments.

Related Questions

All of the following are political changes that have facilitated globalization EXCEPT

A. The creation of the GATT

B. Increased war in regions worldwide

C. The creation of the WTO

D. Expanding regional trade agreements

cyanmosquito560

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

Which of the following statements about cultural differences in the workplace is most accurate?

A. The best way to deal with cultural differences in the workplace is to treat everyone the same way

B. Cultural differences were once a major problem, but television, telecommunications, e-mail, and the Internet have brought people closer together and greatly reduced cultural differences

C. Managers must be very aware of cultural differences and recognize that different employee may respond best to different management and motivational styles

D. Only firms that hire a lot of foreign-born workers are likely to have problems dealing with cultural differences. Workers born in the United States tend to have a common set of values and attitudes, regardless of age or social background

ceruleankangaroo217

GMS 200 Study Guide - North American Free Trade Agreement, Most Favoured Nation, Multinational Corporation

GMS 200 Full Course Notes

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