A _____________ Is a Regional Group of Countries That Have

question 80

Multiple Choice

A _____________ is a regional group of countries that have no internal tariffs,a common external tariff,and the coordination of laws to facilitate exchange among the member countries.

• A)trade cartel
• B)mutual trade association
• C)common market
• D)joint venture

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Definitions:

Globalization

The process of interaction and integration among people, companies, and governments worldwide, primarily driven by international trade and investment and aided by information technology.

Labour Market

The supply and demand for labor, where employers seek to hire workers and workers seek employment.

Environmental Scanning

The process of gathering, analyzing, and interpreting information about a company’s external environment to aid in decision-making.

HRM Adaptation

The process by which human resource management practices are tailored to fit the changing needs and objectives of an organization.