1
Q
Definition of a Trading Bloc
A
A group of countries that form an agreement to reduce protectionist measures
2
Q
What is the EU
A
-European Union (28 countries)
-Free movement of goods and people
-No trade restrictions between countries
-Countries outside face an external barrier
3
Q
What is the ASEAN
A
-Association of Southeast Asian Nations (10 countries)
-Free trade area but doesn’t allow free movement of people
4
Q
What is USMCA
A
-US, Mexico and Canada
-Promotion of free trade between countries
5
Q
4 Benefits of Trade Blocs
A
-Wider markets
-External tariff walls
-Infrastructure support
-Free movement of labour
6
Q
4 Drawbacks of Trade Blocs
A
-Increased Competition
-Common rules and regulations
-Retaliation
-Inefficiency
Business
flashcards
Decks in class (42)
# Cards
-
Formulas36
-
1.1.1 The Market39
-
1.1.2 Market Research29
-
1.1.3 Market Positioning11
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1.2 S/D PED YED26
-
1.3.1 Product Design18
-
1.3.2 Branding Promotion38
-
1.3.3 Pricing Strategies14
-
1.3.4 Distribution6
-
1.3.5 Marketing Strategy23
-
1.4.1 Approaches to Staffing11
-
1.4.2 Recruitment, Selection and Training15
-
1.4.3 Organisational Design15
-
1.4.4 Motivation41
-
1.4.5 Leadership17
-
1.5 Entrepreneurs44
-
4.1.113
-
4.1.210
-
4.1.311
-
4.1.412
-
4.1.56
-
4.2.111
-
4.2.2 / 4.2.37
-
4.2.45
-
4.2.59
-
4.3.119
-
4.3.27
-
4.3.38
-
4.4.112
-
4.4.25
-
4.4.35
-
2.119
-
2.234
-
2.333
-
2.460
-
2.523
-
3.152
-
3.223
-
3.317
-
3.419
-
3.518
-
3.610
