1 / 24

Essential Standard1.00

Essential Standard1.00. Understand the role of business in the global economy. Objective 1.03. Understand business in the global marketplace. Topics. Factors and regulations companies have to consider when doing business in the global market place

graham-harding
Download Presentation

Essential Standard1.00

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. Essential Standard1.00 Understand the role of business in the global economy.

  2. Objective 1.03 Understand business in the global marketplace.

  3. Topics • Factors and regulations companies have to consider when doing business in the global market place • Main entry modes for companies to enter the global marketplace • Main international trade organizations

  4. Factors and regulations companies have to consider when doing business in the global market place

  5. Domestic vs. InternationalBusinesses • What activities are included in domestic business transactions? Where do they take place? • What activities are included international business transactions? Where do they take place?

  6. Business Advantage Factors • How can a country have a business advantage over another country? • What are some examples of absolute and comparative advantages?

  7. International Trade • From where do imports come? • From where do exports come? • What are some examples of imports? • What are some examples of exports?

  8. Importing and ExportingAdvantages and Disadvantages • What are some advantages of importing? • What are some disadvantages of importing? • What are some advantages of exporting? • What are some disadvantages of exporting?

  9. Measuring of Trade Relations • What is a way to measure trade relations? • Why are measures of trade relations completed? • Foreign debt is the amount of money a country owes to other countries.

  10. Measuring of Trade Relations continued What is a balance of trade? • If a country exports more than it imports, it has a trade surplus. This is favorable. • If a country imports more than it exports, it has a trade deficit. This is unfavorable.

  11. Measuring of Trade Relationscontinued What is a balanceof payments? • If a country receives more money in a year than it pays out, it has favorable balance. • If a country sends more money out than it brings in, it has an unfavorable balance.

  12. International Currency Exchange Rate Main Factors • Where do banks buy and sell different currencies? • What is an exchange rate? • What are the main factors affecting currency exchange rates?

  13. International Business Environment Factors • What are the main environmental issues that could make a difference when conducting business in the global marketplace? • How could these issues impact businesses?

  14. International Business Environment Factors continued Four main factors: Geography Cultural Influences Economic Development Political and Legal Concerns

  15. International Business Environment Factors continued What is included in a country’s geography? How can this affect a country’s trade?

  16. International Business Environment Factors continued What main cultural factors may influence how business is conducted in the global marketplace? How can this affect a country’s trade?

  17. International Business Environment Factors Continued What key effects of a country’s economics that may influence conducting business in a global marketplace? How can this affect a country’s trade?

  18. International Business Environment Factors continued What political and legal concerns may influence business activities in a global marketplace? How can this affect a country’s trade?

  19. Main International Trade Barrier Factors Trade barriers are restrictions to free trade. Embargo Why would a government place an embargo? Quota Why would a company or country set a quota? Tariffs Why would a government use a tariff?

  20. Encouragement of InternationalTrade Factors Main factors are: Common Markets Free-Trade Agreements Free-Trade Zone How do each of these encourage international trade? What are some examples of each?

  21. Main entry modes for companies to enter the global marketplace

  22. Main Entry Modes to the Global Marketplace Franchising How can this be used by a business as an entry mode? What are some examples? Licensing How can this be used by a business as an entry mode? What are some examples? Joint venture How can this be used by a business as an entry mode? What are some examples?

  23. Main international trade organizations

  24. Main International Trade Organizations • International Monetary Fund (IMF) • World Bank • World Trade Organization (WTO)

More Related