6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Globalization and Free Trade

What a relevant topic in Week 1, because everyone is keenly aware of supply chain dependencies! According to Chapter 1, globalization has resulted in greater interconnectedness among markets around the world and increased communication and awareness of business opportunities in the far corners of the globe (Ferrell et al., 2022). More investors can access new investment opportunities and study new markets at a greater distance than before.

Instructions

Referring to key concepts in Chapter 1, address the following for this week's discussion.

What interests you? Give us a specific example of how globalization or economic systems have an effect on the "factors of production" (Ferrell et al., 2022, p. 8).
Or provide a relevant example of some of the barriers to international trade (see also Chapter 3).

Remember that you must cite your sources in APA format. Feel free to use Google sources.

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