Assignment: Introduction to International Labor Memo
Consider the following scenario: Your company sells its products in many different countries. The Director of Exporting and Trade has decided to take on a number of interns over the summer to help the company communicate with its outlets within the various foreign countries. The interns, who are studying to get their Associates Degree in Business, are going to need an introduction to international labor if they are going to be able to communicate with the various countries.
Write a 350- to 700-word memo explaining the basics of how labor forces influence international business.
- Include information on labor quality, quantity, and mobility, as well as minorities, the labor market, and labor unions.
- Post the memo as an attachment.
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The response addresses the queries posted in 870 words with references.
//Before understanding the importance of labor law in international business; we should first understand what does the labor law covers. Labor law covers the rules and administrative rulings that address the legal rights of; and restrictions on the organizations and individuals working in the companies. Below is a memorandum that explains the importance of labor laws in international business.//
Introduction to International Labor
Date: January 29, 2008
Subject: Introduction to International Labor
A country's Labor force is about the workers that are actively employed or looking for work and is below the age of retirement. In terms of economics, it could be said that people involved in the labor force are the suppliers of labor.
//Now, we will discuss various factors relating to labor; like the labor quality, quantity and the labor market, which affects the international business in any country. The increased availability of the labor force is resulting in an increase in the demand of labor. Then, talking about the quality of labor, it is influenced by the degree of education, experience and intelligence of a person.//
A country with large labor force would be able to produce goods at lower cost that involve labor-intensive mode of production. Such countries would export its labor-intensive goods to the different countries. Countries that are ...
Labor law covers the rules and administrative rulings that address the legal rights of; and restrictions on the organizations and individuals working in the companies. In this solution is a memorandum that explains the importance of labor laws in international business. This solution is 686 Words with four APA-format references.