Operations managers constantly seek ways to reduce costs while providing value t
ID: 456963 • Letter: O
Question
Operations managers constantly seek ways to reduce costs while providing value to its customers. Going global may reduce costs by using lower priced labor and manufacturing facilities. NAFTA, the North American Free Trade Agreement, is a free trade agreement between Canada, Mexico and the United States. The WTO, World Trade Organization, promotes world trade by lowering tariffs or taxes on the flow of goods among countries and between borders.
Research one of these two trade agreements (NAFTA or WTO). Describe the effects of the agreement on one type of operation or industry here in the USA.
Explanation / Answer
NAFTA
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