1 / 9

Unit 2 International Business

Unit 2 International Business. Chapter 2 & 3. International Business. Why?? Benefits Negatives. Important Aspects to Foreign Trade. Imports/Exports Imports -items we bring in from another country Exports -items we make and sell to another country .

chaz
Download Presentation

Unit 2 International Business

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Unit 2 International Business Chapter 2 & 3

  2. International Business • Why?? • Benefits • Negatives

  3. Important Aspects to Foreign Trade • Imports/Exports • Imports-items we bring in from another country • Exports-items we make and sell to another country. • Exchange rate-is the value of currency in one country compared with another country. • Barriers to trades • Embargos-when countries stop trade with another country • Tariffs-fees putonto goods to come into another country

  4. Reasons for International Business • Imports/Exports • Location • Economic Conditions • Political Climate • Cultural Influence

  5. Economic Indicators • GDP (Gross Domestic Product) Total $ value of all final goods and services • GDP per Capita = / GDP by total population

  6. Economic Indicators • Unemployment Rate-is the rate of the portion of people in the labor force who are wanting to work and cannot find work • CPI (Consumer Price Index) compares the prices in one year to the previous year or set point. • Labor Productivity quantity of a good that an average worker can produce in an hour.

  7. Economic Indicators • Price Levels • Inflation is a sustained increase in general level of prices. • Hyperinflation- a tremendous increase in prices. • Deflation is a decrease in general level of prices. • Poverty Level-the percentage of people in a country that are living below what is considered poverty. 

  8. Economic Cycles • Prosperity (Boom) peak of cycle-people are working at record #’s, GDP highest • Recession (Ripple) demand begins to decrease, production slows, unemployment rises and GDP slows

  9. Economic Cycles • Depression prolonged period of high unemployment, weak sale, increase of business failures, and GDP falls rapidly • Recovery unemployment begins to decrease, demand increases, and GDP begins to rise

More Related