[ARBUS 101] - Midterm Exam Guide - Comprehensive Notes for the exam (59 pages long!)

• School: University of Waterloo
• Department: Arts and Business
• Course: ARBUS101
• Professor: n/a

Document Summary

The dynamic global market: 90% of businesses believe that having employees working globally in other countries is important (ex. Canada 348 million markets while the world has 7 billion customers - there are too many to ignore : companies continue to review their global operations to make sure they"re pro ting. Canada companies face aggressive competition from exporters around the world who have the same objective of growing their business. To get good that are not viable locally. Free trade is the ideal sanario without political or economical obstruction. No country can produce all the products people want/ need. Even if the country is self suf cient - other countries would seek to trade with that country to meet the need of their own people. Enables nations to produce what it most capable of producing and to buy what it need from others in a mutually bene cial exchange relationship .