MKTG 445 Lecture Notes - Lecture 1: Predatory Pricing, Free Trade, World Trade Organization
28 Sep 2018
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Document Summary
Anti-global-trade rhetoric: global trade is overall a good thing. Free trade areas: countries agree on lowering barriers to trade and benefit each other, so they create their own area. Wto: world trade organization, addresses grievances about unfair trade protections by countries, they evaluate the protection and decide whether or not it is okay. Acceptance of the free market system: people are allowed to own their own companies/businesses. Mobile technology: helps, but need to make sure we are not ruining the planet from the resources used/output created. Quotas and tariffs: dollar or unit limit on how many imports come in, tax on imports. Antidumping (predatory pricing) laws: cannot sell under cost of production (dumping=selling things for a lot cheaper) Standards: strict standards on sizing and usage of products (everything needs to be a certain. ___: not always good reasons for these standards.
