Nafta Essay

651 Words3 Pages
Activity #4 - Questions What countries represent the largest global business opportunities for the next decade? What factors determine the size of the opportunity? China. Population, money, and GDP Growth rate 2. Why do companies tend to thrive in global markets when their country of origin enjoys a comparative advantage in their industry? Products can be purchased at a cheaper rate and more products can be purchased. 3. What are the key elements of sociocultural barriers to trade? How can companies overcome these barriers? Language and social barriers between cultures. Communicate with people and get to know them and their lifestyles. 4. How has NAFTA impacted the United States? Overall, do you believe that it was a positive move for the U.S.? Why or why not? It…show more content…
The euro has made all trades international and removed restrictions allowing people and goods to move freely. 6. Compare the role of the individual and the role of the organization in ethical decision making. How can business promote an ethical climate? The ethics of the individual is the traits, roll and religions where organization is influence the actions of individual. The people will need to start at the bottom and work their up. This is how you could reflect on an ethical climate. 7. When might the need for social responsibility conflict with the need to maximize profits? When the needs conflict, how should a firm decide which path to pursue? Social responsibility is the obligation of a business to contribute to society. If you were trying to maximize profits it would be all about the money and nothing to do with the business or society. I feel if they conflict the right path to pursue would be to take care of the business and the people not just focus on the profit. 8. Do you believe that employers should respond to employee needs for work-life balance? Why or why not? What are the
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