BMW CEO Says He Didn't See Threats to Global Trade Coming

The video discusses the importance of education and vocational training, highlighting a proposal involving six companies, three from the U.S. and three from Germany, to enhance training and share best practices. It also addresses the challenges posed by global trade threats and market volatility, emphasizing the need for flexibility in operations. Finally, it underscores the significance of adapting to rapid technological changes in the industry.

What is the main goal of the collaboration between the U.S. and German companies?

• To expand into new markets

• To increase profits

• To enhance vocational training and education

• To reduce production costs

How many companies are involved in the educational collaboration?

• Seven

• Six

• Five

• Four

What has been a constant characteristic of global trade in recent years?

• Decline

• Predictability

• Volatility

• Stability

How have companies adapted to the changing pace of global trade?

• By outsourcing more

• By increasing prices

• By reducing workforce

• By being flexible with operations and production

What is a significant factor contributing to the current volatility in the world?

• Lower consumer demand

• Decreased competition

• Technological advancements

• Political stability