Explain some of the benefits and challenges faced by American businesses because of America's membership in NAFTA
What will be an ideal response?
Answer: Together Canada, the United States, and Mexico comprise the second largest trading bloc in the world. Goods travel freely among the three nations without tariffs or quotas, thereby making consumer goods more competitive relative to goods from countries not in NAFTA. U.S. businesses can take advantage of lower wage rates in Mexico, again making their products more competitive in both the domestic and global markets.
On the other hand, significant cultural differences exist between the U.S. and Mexico. Mexico is high in uncertainty avoidance and power distance while the U.S. is low in both. The U.S. is an individualistic culture but Mexico is collectivistic. As a result, American managers may have some difficulty relating to the Mexican workers.
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During employment wearing a gold cross which can be seen by others is permissible
Indicate whether the statement is true or false
To estimate the firm's potential performance for the coming year, we typically start with the sales forecast from the ________ and prepare a pro forma income statement using the percentages of the ________ for each category
A) finance department; prior year B) marketing department; prior year C) marketing department; next year D) sales department; current year