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Global Marketplace

This overview explores how groups produce, distribute, and consume goods and services in the global marketplace. It distinguishes between tangible goods, like books, and intangible services, such as medical consultations. Additionally, we discuss modern work trends, including outsourcing and telecommuting, which leverage economies of scale and allow for remote collaboration. Notable global companies like Unilever and Nestlé exemplify these trends, and understanding their headquarters' locations further enhances our knowledge of the international economy.

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Global Marketplace

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  1. Global Marketplace

  2. Terms • Economy: • Ways in which a group produces, distributes, and consumes its goods and services • Goods v Service • Goods: Tangible items (a book) • Service: Intangible (Doctor visit)

  3. Work Trends • Outsourcing • Takes advantage of economies of scale • Someone else creates their good • Telecommute • Work at home using computer, phone, etc. • Team

  4. Global Companies Unilever – Netherlands Nestle – French Smarties Drumstick • Wishbone Dressing • Dove Beauty Care

  5. Assignment • Write down favorites • Find the company that produces • Find where the company is headquartered – World, not US

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