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THE FOUNDATION OF INTERNATIONAL BUSINESS

1-1. LESSON. GOALS. THE FOUNDATION OF INTERNATIONAL BUSINESS. Distinguish between domestic business and international business. Discuss the reasons why international business is important. Understand that international trade is not just a recent event. What Is International Business?.

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THE FOUNDATION OF INTERNATIONAL BUSINESS

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  1. 1-1 LESSON GOALS THE FOUNDATION OF INTERNATIONAL BUSINESS Distinguish between domestic business and international business. Discuss the reasons why international business is important. Understand that international trade is not just a recent event.

  2. What Is International Business? • All business activities needed to create, ship, and sell goods and services across national borders • Also called • Global business • International trade • Foreign trade

  3. Why Is International Business Important? • Materials, parts, and demand • Global opportunities • Improved political relations

  4. Selected Countries and Their Colonial Heritage COUNTRY COLONIZED BY DATE OF INDEPENDENCE AustraliaUnited Kingdom1901 BrazilPortugal 1822 CambodiaFrance 1953 CanadaFrance, United Kingdom 1867 ChadFrance 1960 ChileSpain 1818 Cyprus Turkey, United Kingdom 1960 El SalvadorSpain 1821 IcelandNorway, Denmark 1944 MexicoSpain 1821 MozambiquePortugal 1975 NamibiaGermany, South Africa 1990 South AfricaUnited Kingdom, Netherlands 1910 United States United Kingdom, France, Spain, Russia 1776 VietnamFrance 1955

  5. 1-2 LESSON GOALS INTERNATIONAL BUSINESS BASICS Describe basic inter-national business activities. Explain the components of the international business environment. Name important skills for international business and describe the importance of international business for workers, consumers, and citizens.

  6. The Fundamentals of International Trade • Imports • Exports • Trade barriers

  7. The International Business Environment Geography Cultural and Social Factors InternationalBusinessEnvironment Economic Conditions Political and Legal Factors

  8. Geography Climate Terrain, seaways Natural resources Agricultural products Cultural & Social Factors Language Education Religion Values, customs Social relationships Political & Legal Factors Type of government Political stability Government policies toward business The International Business Environment • Economic Conditions • Type of economic system • Education level • Types of industries • Technology

  9. The Global Business World • International business skills • History • Geography • Foreign language • Cultural awareness • Study skills • The global citizen, worker, and consumer

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