MKTG 2201 Chapter Notes - Chapter 15: Contract Manufacturer, World Trade Organization, Union Of South American Nations
29 Apr 2017
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International trade system: economic environment, political-legal environment, cultural environment. International trade system: trade barriers, tariffs or duties, quotas and exchange controls, nontariff trade barriers, biases against the bids, restrictive product standards, excessive host-country regulations or enforcement. Imposes international trade sanctions and mediates global trade policies. Regional free trade zones: free trade zones/economic community: group of nations organized to work toward common goals in the regulation of international trade, eu, nafta, cafta-dr, unasur. Economic environment: factors refle(cid:272)ti(cid:374)g a (cid:272)ou(cid:374)tr(cid:455)"s (cid:373)arket attra(cid:272)ti(cid:448)e(cid:374)ess: Industrial structure: subsistence economies- few market opportunities, raw material exporting economies- good market for large equipment, tools and supplies, and trucks, emerging economies. Income distribution: low, medium, and high-income households depending on the industrial structure of the nation. Political-legal environment: considerations for a company to do business in a country, cou(cid:374)tr(cid:455)"s attitude to(cid:449)ard i(cid:374)ter(cid:374)atio(cid:374)al buying, government bureaucracy, political stability, monetary regulations.
