Discuss how NAFTA differs from the EU
The North American Free Trade Agreement (NAFTA) is a treaty among Canada, the United States, and Mexico. Effective in 1994, it phases-out tariffs among these three countries over 15 years. Covered products must originate in these three countries. Unlike the EU, NAFTA did not provide a common labor market, governing body, or currency.
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A home appliance manufacturer observes the following and determines that his competitors are pricing their imported goods below-cost sale. Which point would have helped him come to this conclusion?
a. The amount of general expenses was 12 percent of the cost of manufacturing. b. The cost of packaging the merchandise for shipment was included. c. The cost of product in the U.S. is below that in the home market. d. The amount of profit was equal to 9 percent of the manufacturing cost plus general expenses.
Which of the following is a way to "soften the blow" of bad news?
A) Making the bad news vague B) Positioning bad news ahead of good news C) Subordinating the bad news D) Using negative language E) Placing the blame on the audience
The competent supply chain manager decided to aggregate all inventories and as required, use fast mode of transportation for filling customer orders of his
A) high-value and high-demand product. B) high-value and low-demand product. C) low-value and high-demand product. D) low-value and low-demand product.
When a firm stretches accounts payable without hurting its credit rating, the cost of giving up a cash discount is ________
A) reduced B) increased C) unaffected D) increased or decreased depending on the opening accounts payable balance