ADMS 1000 Chapter Notes - Chapter 6: Import Quota, Free-Trade Area, Economic Union

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Anton Petrenko

Document Summary

Process of involving integration of world economics and the integration of world markets. Potential for sales growth: engage in global business activity in order to expand its markets. Obtaining needed resources: engage in global business activity in order to obtain resources that are either unavailable in domestic borders or is too expensive. The force of competion: consider what competion there is when engaging in global business activities. Shift towards democracy: moving to a place that has switch to democracy can create new market opportunities. Improvement in technology has made trading across borders easier like better transportation. Channels of global activity: exporting and importing, outsourcing/importing. Licencing and franchising agreements: direct investment in foreign operation. Join ventures, strategic alliance: mergers and acquisitions, establishments of subsidiaries. Multinational corporation: abbreviated as mnc, organization that control assets, factories etc. in 2 or more foreign countries.