Notes International Business Barriers to International Business
Barriers to International Business
The Canadian government uses barriers, often referred to a roadblocks, to help protect
domestic businesses and consumers.
Tariffs, also called custo
Notes International Business Imports
Five Ways to Offset the Risk of Importing
1. Measure consumer interest.
2. Use care when selecting foreign suppliers.
3. Learn about a foreign partners culture.
4. Carefully scrutinize the purchase agreement and then s
Notes International Business Costs of International Trade
Costs of International Trade
The hidden or social costs often associated with international trade include offshore
outsourcing, human rights or labour abuses, and environmental degradation.
Notes International Business Excise Taxes
An excise tax is a tax on the manufacture, sale, or consumption of a particular product
within a country.
Since currency rates fluctuate on a daily basis, an international purchase made on
Notes International Business Canada and International Trade Agreements
Two Main Advantages to Reducing Trade Barriers
1. Domestic business can sell their products abroad at lower prices since duties are
2. Consumers have access to new foreign p
Notes International Business Introduction
What Is International Business
A domestic transaction is the selling of items produced in the same country.
An international transaction is the selling of items produced in other countries. These items
Notes International Business The 5 Ps
A countrys resources determine what goods and services it produces.
The cost of producing goods and services varies from country to country. Sometimes
it may be more profitable for Canadian businesses to
Notes International Business The Future of International Trade
The Asia-Pacific Economic Corporation (APEC) is an economic development
organization formed in 1889. The Asia-Pacific market is the fastest growing trade
European Union (EU)
Notes International Business Nonverbal Communication Signals
Nonverbal signals can convey more than words do.
In Canada, the United States, and some European countries, business is
completed at a quick and efficient pace.
Most other countri
Notes International Business BENEFITS FOR BUSINESS?
BENEFITS FOR BUSINESS
Increased Quality of Goods
Products such as luxury cars as parts manufactured in many different countries
come together to form the finished product.