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LESSONLESSON1-11-1GOALSGOALS

Distinguish between Distinguish between domestic business and domestic business and international business.international business.

Discuss the reasons why Discuss the reasons why international business is international business is important.important.

Understand that international Understand that international trade is not just a recent trade is not just a recent event.event.

THE FOUNDATION OF INTERNATIONAL BUSINESS

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What Is International Business?

All business activities needed to create, ship, and sell goods and services across national borders

Also calledGlobal businessInternational tradeForeign trade

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Why Is International Business Important?

Materials, parts, and demandGlobal opportunitiesImproved political relations

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Selected Countries and Their Colonial HeritageCOUNTRY COLONIZED BY DATE OF INDEPENDENCEAustralia United Kingdom 1901Brazil Portugal 1822Cambodia France 1953Canada France, United Kingdom 1867Chad France 1960Chile Spain 1818Cyprus Turkey, United Kingdom 1960El Salvador Spain 1821Iceland Norway, Denmark 1944Mexico Spain 1821Mozambique Portugal 1975Namibia Germany, South Africa 1990South Africa United Kingdom, Netherlands 1910United States United Kingdom, France, Spain, Russia 1776Vietnam France 1955

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LESSONLESSON1-21-2GOALSGOALS

INTERNATIONAL BUSINESS BASICS

Describe basic inter-national Describe basic inter-national business activities.business activities.

Explain the components of Explain the components of the international business the international business environment.environment.

Name important skills for Name important skills for international business and international business and describe the importance of describe the importance of international business for international business for workers, consumers, and workers, consumers, and citizens.citizens.

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The Fundamentals of International Trade

ImportsExportsTrade barriers

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The International Business Environment

InternationalBusiness

Environment

Geography

Economic Conditions

Politicaland LegalFactors

Culturaland Social

Factors

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The International Business EnvironmentGeography

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

Economic Conditions Type of economic system Education level Types of industries Technology

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The Global Business World

International business skillsHistoryGeographyForeign languageCultural awarenessStudy skills

The global citizen, worker, and consumer