U2 Global Market Place Flashcards
1
Q
automotive industry
A
- auto industry in USA intertwined with big 3: general motors, ford, daimler-chrysler
- canadian gov signed the AUTO PACT in 1965 to protect Canadian jobs
- AUTO PACT encouraged trade with the USA, excluding foreign companies
- major gas shortage in 1970 due to OPEC led to trend of smaller cars
- japanese, european, italian, korean companies entered and dominated the market
- NAFTA ensured the flow of parts and cars and has been revised with the USMCA deal
2
Q
cellular communication
A
- Major Canadian contribution (Alexander Graham Bell)
- His telephone started the telecommunication industry
- Allowed for communication over distances for the first time in human history
- Cellular phones have replaced conventional land lines Major Canadian players include: Bell, Telus, Rogers
- The combination of cell networks and ever improving smartphones is changing how Canadians live, learn and do business
3
Q
How businesses use info
A
- decision making tool
- product to market
