topic 1 [slides] Flashcards
1
Q
Reasons to globalize operations
A
Reduce costs (labor, taxes, tariffs, etc.)` Improve supply chain Provide better goods and services Understand markets Learn to improve operations Attract and retain global talent
2
Q
Advantages of Reducing Costs
A
Foreign locations with lower wage rates can lower direct and indirect cost
Trade agreements can lower tariffs (NAFTA, EU)
3
Q
Advantages of Improving the Supply Chain
A
