BUS 1000 Lecture Notes - Lecture 6: Outsourcing, Lvmh, Single Market

• School: Baruch College
• Department: Business Administration and Policy
• Course: BUS 1000
• Professor: Berna Basar

Document Summary

Importing: exporting, balance of trade, trade surplus/deficit, balance of payments, licensing, franchising, contract manufacturing, multinational corporation, exchange rate, trade protectionism, tariff, gatt, wto, common market, nafta, common markets, dumping. Business in the global market: over 90% of companies doing business globally believe it is important for employees to have international experience, u. s. organizations (like ups, the wwe, the nfl and the nba) are also expanding abroad. Countries of origin for world"s most po(cid:449)erful brands: u. s. 51 brands apple, germany 9 brands bmw. Japan 8 brands sony: france 8 brands lvmh, u. k. 6 brands bp, switzerland 5 brands rolex. How free trade benefits the world: global trade has led the world in a new direction: Literacy rates worldwide have increased from 56% in 1950 to 88% in recent stats. Life expectancy in less developed areas rose from 40. 9 years in 1950 to over 71 years of late. Getting involved in exporting: exporting provides a great boost to the u. s. economy.