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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?. - PowerPoint PPT Presentation
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© SOUTH-WESTERN THOMSONINTERNATIONAL BUSINESS
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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© SOUTH-WESTERN THOMSONINTERNATIONAL BUSINESS
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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© SOUTH-WESTERN THOMSONINTERNATIONAL BUSINESS
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
© SOUTH-WESTERN THOMSONINTERNATIONAL BUSINESS
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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© SOUTH-WESTERN THOMSONINTERNATIONAL BUSINESS
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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© SOUTH-WESTERN THOMSONINTERNATIONAL BUSINESS
The Global Business World
International business skillsHistoryGeographyForeign languageCultural awarenessStudy skills
The global citizen, worker, and consumer