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International Business Presentation

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Understanding International Business Everyone is affected by international business. ... Business Etiquette Give your business card to associates you meet. – PowerPoint PPT presentation

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Title: International Business Presentation


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Though global trade has existed for centuries,
today the business world is changing and becoming
more international as a result of globalization.
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  • To define business and international business
  • To explain the historical origins of
    international business

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  • To identify the major factors that influence
    trade
  • To explain levels of participation in
    international trade

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International trade affects most companies and
customers in the United States and around the
world.
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any activity that seeks profit by providing goods
or services to others
business
international business
any activity involving business operations across
national borders
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a company that conducts business in only one
country, which is known as the home country
domestic company
international company
a company that conducts business across national
borders
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the increasing integration of the world economy
globalization
global dependence
the concept that all countries depend on each
other for trade
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Understanding International Business
  • Everyone is affected by international business.
  • Understanding international trade will help you
    prepare to work in business today.

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Business and International Business
  • Business can be selling lemonade at a homemade
    stand or a corporation expanding into
    international markets.

business any activity that seeks profit by
providing goods or services to others
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Business and International Business
  • Another term for international business is global
    business.

international business any activity involving
business operations across national borders
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Business and International Business
Business
Tangible
Intangible
Goods
Services
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Domestic and International Companies
  • A family-owned diner in your neighborhood, it is
    a domestic company.

domestic company a company that conducts business
in only one country, which is known as the home
country
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Domestic and International Companies
  • An international company contributes to the trend
    of globalization.

international company a company that conducts
business across national borders
globalization the increasing integration of the
world economy
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Domestic and International Companies
Relate Can you name a service that you or your
family could use anywhere in the world?
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(No Transcript)
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Home and Host Countries
  • A home country is the country in which the
    selling firm is located.
  • If a representative travels to another country to
    market or sell products, that country is the
    host country.

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The History of Global Business
  • Trade took place between China, India, and Japan
    as many as 15,000 years ago.
  • During the 11th century, England, France, Spain,
    and Portugal all used ships to move products
    between countries.

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The History of Global Business
1600
1700
1800
1900
2000s
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The History of Global Business
Question What were two multinational companies
in the United States during the 1800s?
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Global Trendsetters in Switzerland
Meeting and Greeting Shake hands firmly with
people you meet, and again upon leaving.
Business Etiquette Give your business card to
associates you meet. Be punctual. Business Dress
Men wear suits and ties, and women wear suits or
dresses.
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The Global Business Environment
  • Trade relations between companies and countries
    are affected by three factors.

Cultural and Social
Political and Legal
Economic
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The Global Business Environment
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Cultural and Social Factors
Cultural and Social Factors
Changes in a countrys education system
Changes in a countrys economic philosophy
Religious influences
Proper business protocols
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Political and Legal Factors
Political and Legal Factors
Wars and international conflicts
Elections
New governments
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Economic Factors
Economic Factors
Recession
Inflation
Economic growth or decline
Exchange rates
Natural disasters
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International Business Management
  • Forms of business ownership and the legal
    requirements for operating businesses vary in
    different countries.
  • The things that motivate employees vary around
    the world.

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Marketing and International Trade
  • The four Ps of marketing are vital elements for
    successful marketing in international business.

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Accounting and Finance
  • Effective businesspeople understand the
    importance of financial issues for international
    trade.
  • Accounting and finance are the major elements of
    money management in international trade.

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Human Resource Management and Careers
  • The human resources department is responsible for
    recruiting, hiring, and training people.
  • Gain additional training and learn how to do
    business across international borders.

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Trade Relations
  • The relationships and ties between companies
    around the world have created global dependence.

global dependence the concept that all countries
depend on each other for trade
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Trade Relations
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Trade Relations
Participants in International Trade
Individual Consumers
States and Provinces
Companies
Countries
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Volcanic Trade Region The Pacific Rim is also
called the ring of fire, due to the many
volcanoes located along the edge of the Pacific
tectonic plate in the north Pacific Ocean.
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1.1
  1. What is international business?

International business is any activity involving
business operations across national borders.
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1.1
  1. When did global trade first begin?

International trade began as much as 15,000 years
ago.
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1.1
  1. What are three factors that influence trade
    relations?

cultural and social political and legal and
economic
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End of
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