Essay on Busniess

1150 Words Feb 9th, 2015 5 Pages
Homework Assignment: Chapter 3 and Chapter 4

NOTE: Follow the instructions for sending your homework to me that you’ll find in the Learning Module 1 Lecture Notes.

START COPY HERE (Chapter 3)************************************************************

Your Name: Xin Song

Chapter 3 Homework (type your answer below each question; keep your responses concise)

1. Why is outsourcing such an attractive way for firms to tap into foreign markets? What are the risks of foreign outsourcing?

2. What are the key elements of sociocultural barriers to trade? How can companies overcome these barriers?

3. How has NAFTA impacted the U.S.? Overall, do you believe that it was a positive move for the U.S.? Why or why not?

4. Take a
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Another key risk of foreign outsourcing involves social responsibility.

Q2. What are the key elements of sociocultural barriers to trade? How can companies overcome these barriers?
Sociocultural differences include difference among countries in language, attitudes and value.
Also some specific, and perhaps surprising, elements that affect business include nonverbal communication, forms of address, attitudes toward punctuality, religious celebrations and customs, business practices, and expectations regarding meals and gifts.
The best way to jump over sociocultural barrios is to conduct thorough consumer research, cultivate firsthand knowledge, and practice extreme sensitivity.

Q3. How has NAFTA impacted the U.S.? Overall, do you believe that it was a positive move for the U.S.? Why or why not?

NAFTA is the treaty that created the free-trading zone among the United States, Mexico, and Canada.
Despite dire predictions of American jobs flowing to Mexico, the U.S. economy has grown significantly since the implementation of NAFTA. The Canadian and Mexican economies have thrived as well.
Other criticisms of NAFTA include increased pollution and worker abuse. But the full impact of NAFTA—for better or for worse—is tough to evaluate because so many other variables affect all three economies.
NAFTA makes North America formed a more open trade in services market, in many complex and highly

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