Intro to Mexico
What country did our group research?
Mexico
What region of the world is Mexico located in?
North America
What type of economic system does Mexico have?
Mixed market economy
What is very important to build before doing business in Mexico?
Trust
What value strongly influences Mexican family and work life?
Family
What is Mexico City?
This city is the capital of Mexico.
Is Mexico larger or smaller than Canada in land size?
Smaller
Name one natural resource found in Mexico.
Oil / silver / copper / gold (any one)
Is business communication in Mexico usually direct or indirect?
Indirect
Is arriving 10–30 minutes late usually acceptable in Mexico?
Yes
What language do they speak in Mexico?
Spanish
What type of climate is common in northern Mexico?
desert climate
What trade agreement connects Canada, the U.S., and Mexico?
USMCA
Who usually makes final decisions in Mexican companies?
Senior managers
Name one country where arriving late is considered very unprofessional.
Germany or Japan
What currency is used in Mexico?
Mexican peso (MXN)
What type of climate is common in southern Mexico?
Tropical climate
Mexico is Canada’s ___ largest trading partner in the Americas.
Third
How is management style in Mexico best described?
Hierarchical
Why do Mexican employees often avoid disagreeing with managers?
Respect for authority
What is the estimated population of Mexico as of 2025?
About 131.9 million people
What kind of weather do the central highlands, including Mexico City, usually have?
Mild or temperate weather
Name one major product that Mexico exports.
Vehicles / electronics / machinery / petroleum (any one)
What type of government does Mexico have?
Federal republic with a democratic system
Why is understanding culture important in international business?
It helps avoid misunderstandings and build strong relationships