AFM131 Lecture Notes - Lecture 2: Trade Restriction, World Trade Organization, Canadian Dollar

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM131
• Professor: David H A

Document Summary

Manufacturing is one of the easier business activities to outsource. Core hr functions: employees are the life-blood of your company the creative minds. You may not want to give control to someone else to hire people for your company. Control the quality of people coming in. Core accounting functions: good record keeping make good financial decisions trust the quality. A long-term partnership between two or more companies established to build competitive market advantages. Does not typically involve sharing costs, risks, management or profits. Shared technology and risk save on costs. Share marketing and management expertise a joint venture with a company established in another country has more knowledge and connections. Colgate which produces a lot of oral hygiene products if they wanted to sell their products in. China, they"d have to have a joint venture in china in order to be able to sell their products.