tailieunhanh - Lecture Business (4/e): Chapter 3 - Ferrell, Hirt, Ferrell

Chapter 3 - Business in a borderless world. Learning objectives of this chapter include: Explore some of the factors within the international trade environment that influence business; investigate some of the economic, legal-political, social, cultural, and technological barriers to international business; specify some of the agreements, alliances, and organizations that may encourage trade across international boundaries; summarize the different levels of organizational involvement in international trade. | Part 1 Business in a Changing World © 2015 McGraw-Hill Education. 1 CHAPTER 1 The Dynamics of Business and Economics CHAPTER 2 Business Ethics and Social Responsibility CHAPTER 2 APPENDIX The Legal and Regulatory Environment CHAPTER 3 Business in a Borderless World 3-2 2 Learning Objectives LO 3-1 Explore some of the factors within the international trade environment that influence business. LO 3-2 Investigate some of the economic, legal-political, social, cultural and technological barriers to international business. LO 3-3 Specify some of the agreements, alliances and organizations that may encourage trade across international boundaries. LO 3-4 Summarize the different levels of organizational involvement in international trade. LO 3-5 Contrast two basic strategies used in international business. 3-3 3 Role of International Business 3-4 4 3-5 Role of International Business Exporting – the sale of goods and services to foreign markets 2011 . exports = $ trillion+ Importing – . | Part 1 Business in a Changing World © 2015 McGraw-Hill Education. 1 CHAPTER 1 The Dynamics of Business and Economics CHAPTER 2 Business Ethics and Social Responsibility CHAPTER 2 APPENDIX The Legal and Regulatory Environment CHAPTER 3 Business in a Borderless World 3-2 2 Learning Objectives LO 3-1 Explore some of the factors within the international trade environment that influence business. LO 3-2 Investigate some of the economic, legal-political, social, cultural and technological barriers to international business. LO 3-3 Specify some of the agreements, alliances and organizations that may encourage trade across international boundaries. LO 3-4 Summarize the different levels of organizational involvement in international trade. LO 3-5 Contrast two basic strategies used in international business. 3-3 3 Role of International Business 3-4 4 3-5 Role of International Business Exporting – the sale of goods and services to foreign markets 2011 . exports = $ trillion+ Importing – the purchase of goods and services from foreign markets 2011 . imports = $ trillion+ 5 Economic Barriers 3-6 Level of development is determined in part by a country’s 6 Tariffs and Trade Restrictions 3-7 Fixed tariff is a specific amount of money levied on each unit of product brought into the country Ad valorem tariff is based on the value of the item 7 Tariffs and Trade Restrictions 3-8 8 Political & Technological Barriers 3-9 9 Trade Agreements and Organizations 3-10 10 Getting Involved 3-11 11 Getting Involved 3-12 12 Getting Involved 3-13 13 Getting Involved 3-14 14 Getting Involved 3-15 A strategy that involves standardizing products (promotion and distribution) for the whole world as if it were a single entity A plan used by international companies that involves customizing products, promotion and distribution according to cultural technological, regional and national differences .