Sourcing & Business Tips
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Blogs – Sourcing & Business Tips
Planning Productivity – Why It Is Essential
Productivity is the lifeblood of any individual, organization, or business. It defines how well you harness time and resources to create output or achieve your goals. This underlines the significance of having a productivity plan to streamline tasks and work processes. We will delve into the concept of productivity planning. We will explore its importance…
New Sources In Global Trade: Focus On Quality, Price, And Quantity
Sourcing or finding new products and services is the lifeline of any company. The reason is that products and services are constantly changing. For a company to remain relevant, it must constantly look for new products and services. This is because we live in an ever-complex and changing world. Three main things should be considered…
How Trade Agreements Of International Organizations Affect Trade?
International trade has become an integral part of the global economy. With countries importing and exporting goods and services from one another, a clear framework must be in place to regulate these transactions. International Trade Agreements are an essential part of Global Trade. These agreements are negotiated by international organizations to help govern international trade…
Why Do Tariffs Not Encourage And Instead Hurt International Trade
International trade has been the backbone of the global economy for centuries. It allows countries to specialize in producing goods and services where they have a comparative advantage and allows them to trade with other nations for goods and services they need. In recent years, many countries, including the United States, have placed tariffs on…
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…