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purchasing chapter 10 10 questions.docx - 1 What does...

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1. What does international purchasing relate to? To the commercial purchase transaction between a buyer and a supplier located in different countries 2. What does global sourcing involve? Proactively integrating and coordinating common items and materials processes design technologies and suppliers across worldwide purchasing engineering and operating locations 3. What does global interchangeably refer to? To suppliers in countries outside the geographic borders of the organizations home country in which they are headquartered 4. What does GATT stand for? General Agreements on Tariffs and Trade 5. What countries make up the G7? United States, Japan, Canada, Western Europe 6. GATT gave way to what? World Trade Organization
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