Differences between a Customs Union and a Free Trade Agreement

1. Explain in 500 words differences between a Customs _Union_ and a Free Trade Agreement, i.e EU and NAFTA? (without plagiarism)

2. After reading the article “Adding Value in Nike’s Production Line” and watching the video “Behind Nike Flyprint and Zoom Series – Next Level Innovation,” research your favorite brand of shoes (Nike, Adidas, Reebok, Puma, New Balance, etc) and answer the following questions: Has the company experienced decreased or increased cost attributed to computerization? Were variable cost increased or decreased? Were fixed cost increased or decreased.

References need to be mentioned in APA Format.

Submission Details:

• Initial post for each question must be between 250-300 words in length, and each peer reply per question must be between 150-200 words in length.