8SOM122 - MGMT Chuck Williams 1 What Is Global Business...

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1 MGMT Chuck Williams
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2 What Is Global Business? Global Business The buying and selling of goods and services by people from different countries.
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3 The Impact of Global Business Multinational Corporation A corporation that owns businesses in two or more countries. Direct Foreign Investment A method of investment in which a company builds a new business or buys an existing business in a foreign country.
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4 Nontariff Barriers Tariff Voluntary export restraints Government import standards Customs Valuation / Classification Quotas Government Subsidies
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5 Trade Agreements Regional Trading Zones General Agreement on Tariffs and Trade Maastricht Treaty of Europe (EU) NAFTA ASEAN and APEC CAFTA
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6 Consumers, Trade Barriers, and Trade Agreements Decrease price of: food clothing necessities luxuries Increase: choices competition purchasing power Free Trade Agreements
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7 Consistency or Adaptation? Global Consistency When a multinational company has offices/plants indifferent countries and uses the same rules, guidelines, policies, and procedures
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8SOM122 - MGMT Chuck Williams 1 What Is Global Business...

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