BU352 Chapter Notes - Chapter 17: Gross Domestic Product, Economic Sanctions, Pest Analysis
Document Summary
Globalization of production/offshoring: manufacturer"s obtaining goods/services from around the world to take advantage of the national differences in the cost and quality of the factors of production; labour, energy, land and capital. Bu352 marketing - final exam aishwarya vats international monetary fund: promotes international monetary cooperation and facilitates expansion and growth of international trade world bank group: Tax levied on a good imported into a country. Make imported goods more expensive and less competitive with domestic products, protecting domestic industries from foreign competition. Tariffs and quotas benefit domestically made products because they reduce foreign competition o boycott: group"s refusal to deal commercially with an organization to protest against its policies. Governments, trade unions, human rights or environmental groups might call boycotts. o exchange control: regulation of a country"s currency exchange rate measure of how much one currency is worth in relation to another. A method of avoiding a bad exchange rate is counter trade.
