Describe the function of an economic community and a trade agreement. Explain why they are relevant to marketers. Give two examples of important economic communities
What will be an ideal response?
When countries agree to take certain actions to manage resources of goods and services by lowering tariff barriers and promoting trade among members, they form an economic community. Trade agreements are treaties between countries creating a free trade area where business can be conducted without barriers. Trade agreements and economic communities are important to marketers because they set policies in such areas as environmental standards, foreign investment, intellectual property rights, and labor rights that influence strategic decisions for marketers in these regions. The European Union (EU) and the North American Free Trade Agreement (NAFTA) are two of the most powerful economic communities.
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Which is an example of a bipolar question?
a. “Tell me about your ideal career.” b. “How many employees did you manage at your last job?” c. “What are you looking for in a manager?” d. “Did you read the job description carefully?”
Ann Arbor Division of the Michigan Company has the following statistics for its most recent operations: Assets available for use (Market Value) $3,600,000 Assets available for use (Book Value) $2,000,000 Ann Arbor Division's return on investment 25% Ann Arbor Division's residual income 200,000 Return on investment (entire Michigan Company) 20% Refer to Michigan Company. If Michigan Company
evaluates its managers on the basis of return on investment, the manager of Ann Arbor Division would invest in a project costing $100,000 only if it increased net segment income by at least a. $10,000. b. $15,000. c. $20,000. d. $25,000.
Explain the types of third-party interventions for conflict.
What will be an ideal response?
Which of the following statements is true of the Common Stock account?
A) It is an equity account that has a normal credit balance. B) It is a liability account that has a normal credit balance. C) It is a liability account that has a normal debit balance. D) It is an equity account that has a normal debit balance.