Lesson 1.2 Homework Forums

Allen

Allen

by Anze (Allen) Sun -
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1. Because countries are becoming more interdependent 

2. import and export 

License

Franchise

Strategic partnerships and joint ventures

Foreign direct investment

3. country #1 United States -- The United States and Canada share the largest bilateral trade relationship in the world. beginning with early colonial trade and growing significantly after the implementation of the Canada-U.S. Free Trade Agreement in 1989.

country#2 Mexico -- nada's trade with Mexico has increased substantially since the implementation of NAFTA in 1994. This agreement eliminated most tariffs on trade between Canada, and the U.S. 

country#3 United Kingdom -- The trade relationship between Canada and the United Kingdom is deep-rooted, from their shared history as part of the British Empire. Even after Canada gained independence, the UK remained one of its most important trading partners.

4. Exporting -- apple sells their product outside of the home country 

Importing -- countries lack of oil import from countries with oil

Licensing -- Timhotens permit a foreign company to produce and sell its products or use its brand name in exchange for a fee or royalty.

Franchising -- A fast-food chain like McDonald’s allows a local business to open and operate McDonald’s restaurants in India.

Joint Ventures -- two companies from different countries collaborate to create a new business.

Foreign Direct Investment -- facilities, factories, or offices in another country.