[AFM 131] - Final Exam Guide - Ultimate 50 pages long Study Guide!

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

Document Summary

Topics of discussion: global market and why countries trade, key terms, strategies for reaching global markets, forces affecting trade, trade protectionism, the changing landscape of the global market. Target canada (quickly closed down in canada) Underestimated complexity of our market and geography (population spread out) Burger king is already international, tim hortons is not. Benefit when the world is more connected more options. Connect with customers, clients, or business partners in different countries. Outsourcing raw materials or production in other countries. E. g. , trudeau opened up a new market for canada alibaba (china) No country is self-sufficient, thus, it relies on other countries to produce what they are limited to. To get goods that are not available locally. E. g, venezuela and russia have an abundance of natural resources but have limited technological know-how. Other countries, such as japan and switzerland, have sophisticated technology but few natural resources. Moving goods/services between countries without political or economic obstruction.