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: CGMS 724 Key Terms for Chapters 1,2,3,4,5,6,7 & 10

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pinkmosquito469
17 Nov 2022
School
Ryerson University
Department
Global Management Studies
Course
GMS 724
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Sovereign nations: countries that govern themselves rather than being controlled by a foreign power. Globalization: the evolution of an integrated and interdependent world economy. Globalized market: a large market created by combining separate national markets. Global convergence: the spread of common preferences across national borders. Factors of production: the component parts, skill sets, or information required to produce a product or service, usually classified as land, labor, or capital. Globalization of production: the sourcing of land, labor, and capital from different nations rather than obtaining everything locally. Arbitrage: the search for deals on production factors across geographic boundaries. 10 percent presumption: the presumption that 10 percent of activity is conducted globally, with. Multilateral organizations: organizations formed between three or more nations to work on issues that relate to their joint interests. World trade organization (wto): a multilateral organization designed to foster the rules of trade between nations.

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Related Questions

32) Which of the following best describes the term gross domestic product? a) total value of all goods and services produced within a given period by a national economy through domestic factors of production total quantity of goods and services produced by an economic system conditions of the economic system in which an organization operates total quantity and quality of goods and services that a country's citizens can purchase with the currency used in their economic system total value of all goods and services produced by a national economy within a given period regardless of where the factors of production are located

Which of the following is true about virtual teams?
 
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