Globalization And Its Effect
Globalization and its effect on Canada
1. Canada has many large Transnational Companies, most notably Northern Telecom (Nortel), Magna International, Nova Corporation and International Nickel to name a few. These TNC's have different operations in many parts of the world that look after the design, engineering, development, marketing, testing and manufacturing of its products and services.
In order to compete in today's competitive global environment, Canadian companies have always tried to identify where their products and services can be produced or serviced at the lowest cost, while maintaining a high standard of quality and professionalism. Keeping cost expenditures to a minimum ultimately benefits these companies as demand for their products and services increases, producing increased sales and profits. This benefits the company, its employees, shareholders, the local government and the Canadian economy.
In the twenty-first century, technology has played a major role......
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Approximate Word Count: 1151
Approximate Pages: 5 (250 words per double-spaced page)
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