Which three countries were involved in NAFTA and what are the ...

[vHAUNG6011]

Which three countries were involved in NAFTA and what are the characteristics of that agreement?

Question 2

Which of the following is not true in regards to low-cost country sourcing?
 a. Low-cost country sourcing can be used to access new markets or to gain access to the same suppliers that are helping global companies become more competitive.
  b. Although there has been a strong push to source from emerging BRIC countries in search of lower costs, there has also been a strong push toward sourcing in these countries because of local content requirements established by governments in these areas.
  c. Global sourcing is an opportunity to gain exposure to product and process technology, increase the number of available sources, satisfy countertrade requirements, and establish a presence in foreign markets.
  d. Some buyers source globally to introduce competition to domestic suppliers.
 e. Firms are highly experienced with global business processes and practices, and there are many personnel qualified to develop and negotiate with global suppliers or manage material pipelines.

[lcapri7]

Answer to Question 1

The North American Trade Agreement involves the countries of the United States, Mexico and Canada. Each of the member countries continue to set its own policies in relation to nonmembers, and each member is free to set any tariffs or other restrictions that it chooses on trade with countries outside the free trade area.

Answer to Question 2

e

[vHAUNG6011]

Thank you

[lcapri7]

Happy to help you