Homework Assignment: Chapter 3 and Chapter 4

NOTE: Follow the instructions for sending your homework to me that you’ll find in the Learning Module 1 Lecture Notes.

START COPY HERE (Chapter 3)************************************************************

Your Name: Xin Song

Chapter 3 Homework (type your answer below each question; keep your responses concise)

1. Why is outsourcing such an attractive way for firms to tap into foreign markets? What are the risks of foreign outsourcing?

2. What are the key elements of sociocultural barriers to trade? How can companies overcome these barriers?

3. How has NAFTA impacted the U.S.? Overall, do you believe that it was a positive move for the U.S.? Why or why not?

4. Take a …show more content…

NAFTA boost the development of economy for American,for Mexico, the impact is very popular with everyone dispute.
From the economic point of view it is above, it is to promote economic development, but it destroys the environment in Mexico

4. Take a look at Fortune magazine’s most recent list of the 500 largest global companies ( HYPERLINK "http://fortune.com/global500/" http://fortune.com/global500/). (If this link doesn’t work, just copy and paste the URL in your browser.) What are the top 10 companies on the list? What industry, if any, dominates this Top 10 list? What country, if any, dominates this Top 10 list? What country dominates the overall Global 500 list?
The top 10 companies are Wal-Mart Stores, Royal Dutch Shell, Sinopec Group, China National Petroleum, Exxon Mobil, BP, State Grid, Volkswagen, Toyota Motor and Glencore. And the countries are U.S, China, German, Japan, and Switzerland. U.S and China dominate the overall Global 500 list. I am glad to see that China’s 95 companies (up from 89 last year) posted $5.8 trillion in revenues.

5. From golden arches to blockbuster movies, American business has clearly influenced cultures around the world. But foreign industries and companies have also shaped American culture. Brainstorm a list of 5 foreign goods or services that have influenced American culture; include the specific good or service as well