Academia.edu is a platform for academics to share research papers. 1) less intense than domestic competition. In 1948 government leaders from 23 nations formed a global forum for reducing trade restrictions on goods, services, ideas and cultural programs. Patagonia's statement that they donate at least 1 percent of sales to reserve the steep decline in the overall health of out planet is an example of: The Dodd-Frank Wall Street Reform and Consumer Protection Act: provides a "bounty" for successful whistleblowers. GATT: It is an acronym for General Agreement on Tariffs and Trade. Because trade blocs unite several international markets, the manufacturers, producers, and other businesses within member countries are also brought closer together. Many sellers businesses elect to form a corporation because of the two main advantages of ______ liability and possible tax advantages. The shift of jobs from developed economies to low-wage global markets, called ______ outsourcing, has become a major issue. MGT 500 Final Exam Solution Week 11 – Perfect ScoreFollow the link below to purchase solution us if you need help with assignments, quizzes, exams and … LLCs do have to submit articles of organization and an operating agreement, but do not have to: The result of two firms joining to form one is called: One company's purchase of the property and obligations of another company is a(n), When two firms operating in different stages of related businesses join, it is called a(n) ______merger, A merger of two firms in the same industry that allows the companies to diversify or expand their products is a(n), The joining of firms in completely unrelated industries is a(n)_______ merger, The most popular businesses for franchising are ______, A disadvantage of franchises is that most demand a ____ from the franchisee for the right to start the franchise, A business person concerned about startup costs of a business opportunity should consider a venture other than a(n) _____ which has this disadvantage, Franchises must follow the franchise_______, which limits the control of the operating by the franchisee through regulations and guidelines. The manufacturers and businesses with the lowest prices are made more successful and able to increase production, resulting in market efficiency. The Hanseatic League of the late 12th Century was one of the earliest documented trade blocs. A trade bloc is a trade agreement among governments that are typically within a shared geographical region. When a company wants to enter the global market without incurring heavy start-up costs, creating a successful brand and penetrating a new market with low risk, they are engaging in: The United States is the largest ______ nation in the world. Which of the following are effects of trade protectionism, 1) limitation of imported goods and services, What are the two indicators nations rely on to measure global trade. Free trade can cause ________ workers to lose their jobs due to increased imports or production shifts to low-wage global markets. What are some of the disadvantages of operating a franchise? Despite the inherent advantages of trade bloc agreements, they also have several disadvantages. To keep domestic product prices competitive, U.S. law requires foreign firms to price their products to include 10 percent of overhead costs and 8 percent for profit. Which of the following are functions of exports assistance centers (EACs). Customers prefer to do business with companies they trust, proving the old saying that ______ is the best policy. Sometimes, due to a nation's unreliable currency, the only way to trade is ___________ which is defined as the exchange of merchandise for merchandise or service for service with no money traded. After reading the assigned Week 3 Chapters, complete the following case assignment in a Microsoft Word Document using APA 7th ed. Which set of ethics codes defines an organization's guiding values, creates and environment that supports ethically sound behavior, and stresses shared accountability? When choosing a(n)________ for reaching global markets, it is important to analyze the amount of commitment, risk, and profit potential. Conflicts may occur between the stockholder-elected board of directors and the ____ about how the company is being run. A weak transportation infrastructure results in a(n)_____ barrier to global business. Which of the following exemplify possible outcomes of insider trading? Our global writing staff includes experienced ENL & ESL academic writers in a variety of disciplines. This is a form of corporate philanthropy, The emergence of the green movement has affected businesses by, In the 1970s the Foreign Corrupt Practices Act sent a chill throughout the U.S. business community by criminalizing the act of _______ business or government leaders to get business. 1) export bicycles to retailers in Australia. U.S. laws against_______ are specific. These principles are: 1) if a product experiences remarkable growth, significant profits will go to the licensee. What was the primary benefit for the European Union (EU) of adopting the euro in 1999? 1) it enables a producer or business to experiment in a new market without incurring heavy start-up costs. Implementing ethical standards within an organization starts with: Top officials in countries like Japan, South Korea, and China have faced legal charges of influence peddling and _____ charges, which serve as examples of the unethical behavior that U.S. companies face in overseas markets. This is an example of: increasing profits by reducing environmental damage. Do not submit your assignment in PDF format. Other trade blocs did become prominent again until after World War II with the General Agreement on Tariffs and Trade (GATT) of 1948. 3 out of 4 citizens do not give any time to the communities in which they live. All partners may lose their investment as well as: Sharing risk means sharing rewards in a partnership. Franchisees can begin to feel burdened if the _____ creates too many managerial orders, directives or limitations. FAOSTAT provides free access to food and agriculture data for over 245 countries and territories and covers all FAO regional groupings from 1961 to the most recent year available. By the end of the 20th Century, over half of the world’s nations were members of some sort of a trade bloc agreement. The dimension of social responsibility known as ______ includes everything from hiring minority workers to making safe products, minimizing pollution, using energy wisely, and proving a safe work environment. Socially______ companies are viewed more favorably by consumers. 1)The trade volume among the United States, Canada, and Mexico more than tripled. In May 2006, a small group belonging to the Human Development and Capability Association (HDCA) met together for a few days at Oxford to work on making the association more dynamic, in the hopes of promoting ‘research from many disciplines on problems related to impoverishment, justice and well-being’. Disadvantages of Trade Blocs . To achieve greater liberalisation, decision makers must appeal to the greater welfare for consumers and the wider national economy over narrower parochial interests. He is likely to choose the form a(n). She knows the global market offers many opportunities. For tutoring please call 856.777.0840 I am a recently retired registered nurse who helps nursing students pass their NCLEX. 1) trade volume among the three partners has expanded significantly, The________ Economic Community was established in 1967 in Thailand to create economic cooperation among its five original members (indonesia, Malaysia, Philippines, Singapore, and Thailand). What is the primary function of protective tariffs? Many economists believe that regional trade blocs prohibit global economic growth. Which of the following are likely benefits of exporting? Which of the following are considered licensors' benefit of licensing? The agreement is entered into as a means of protecting member nations from excessive imports of non-member nations. Advantages of International Trade • Leads to more efficient resource allocation and lower cost per unit of output as the market becomes bigger and broader to exercise economies of scale, etc.
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