Category: Sourcing & Business Tips
-
What Are Considered Major Hurdles To Successful Global Trade?
Global trade has been the backbone of the global economy for centuries. Since the day explorers have been able to navigate the international seas, there has been global trade. Global Trade has allowed countries to specialize in producing goods and services where they have a comparative advantage and trade with other nations for goods…
-
What Would Happen If Global Trade Stopped?
Global trade has been the backbone of the global economy for centuries. It has allowed countries to specialize in producing goods and services where they have a comparative advantage and then trade them with other nations for goods and services they need. However, what would happen if global trade stopped? Global Trade is an essential…
-
OSHA: The Federal Law That Protects American Workers
Someone in Vietnam recently told us we must comply with OSHA rules to export UL-certified lamps to the United States. Because I had never heard about this, I started investigating and learning about OSHA and who they are. OSHA, which stands for Occupational Safety and Health Administration, is a federal law enacted in the United…
-
Henry Ford And Thomas Edison: Their Relationship Explored
Henry Ford and Thomas Edison were two of the greatest inventors ever. What many people may not realize is that they both knew each other. Henry Ford and Thomas Edison had a close relationship. In 1891, Henry Ford started working as an engineer for Thomas Edison. While working for Edison in Detriot, Michigan, he learned…
-
Why Is Thomas Edison Credited For The Invention Of The Light Bulb?
Each time you turn on the light bulb, you may not think about who invented that or how the lightbulb came about. The light bulb is an example of an invention that changed the world in so many ways. Thomas Edison did not invent the lightbulb. But he made many profound improvements to the lightbulb…
-
Business Lessons From IKEA: Is It A Good Furniture Store?
A furniture store that I have long admired is IKEA. I find myself buying things there that I need and sometimes things I do not need but find appealing and inexpensive. IKEA is a Swedish furniture company that has taken the world by storm. The company has carved out a niche in the highly competitive…