COMMERCE 2OC3 Chapter Notes - Chapter 2: North American Free Trade Agreement, World Trade Organization, Cost Leadership
29 Jan 2017
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Chapter 2: operations strategy in a global environment. Maquiladoras: mexican factories located along the united states-mexico border that receive preferential tariff treatment. World trade organization (wto): an international organization that promotes world trade by lowering barriers to the free flow of goods across borders. North american free trade agreement (nafta): a free trade agreement between. European union (eu): a european trade group that has 28 member states as of 2015. Supply chain can often be improved by locating facilities in countries where unique resources are available. These resources may be expertise, labour, or raw material. Although the characteristics of goods and services can be objective and measurable (# of on time deliveries), they can also be subjective and less measurable (sensitivity to culture). We need a better understanding of differences in culture and the way business is handled in different countries.
