global business defined copyright © texas education agency, 2012. all rights reserved

Global Business Defined

Copyright © Texas Education Agency, 2012. All Rights Reserved.

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Purpose of AssignmentSWBAT

(Student Will Be Able To)

Define global business.Describe the position of the United States in global trade.Identify advantages and problem areas for United States firms wanting to enter global business.


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Need to Know TermsChapters 1 and 2

Culture Domestic Business Exports Global Dependency Imports International Business Trade Barriers

Absolute Advantage Balance of Trade Comparative Advantage Consumer Price Index (CPI) Economics Economic System Factors of Production Foreign Debt Gross Domestic Product (GDP) Gross National Product (GNP) Infrastructure Privatization Scarcity Supply


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Need to Know TermsChapters 3 and 4

Body Language Class System Collectivism Cultural Baggage Culture Shock Ethnocentrism Extended Family Individualism Nonverbal Communication Nuclear Family Subculture

Boycott Common Market Democracy Economic Nationalism Expropriation Free Trade Agreement Free Trade Zone Home Country Host Country MFN Status Political System Protectionism Quota Tax Holiday Trade Embargo


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DiscoveryWhat kinds of things do you like to spend your money on? What kinds of things do you have to spend your money on? What kind of product is it…a good or a service? Do you know who provides that good or service? Do you know where it comes from (what country)?


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When you think of all those things you want

and need…

have you ever wondered how it got to the point that you can

get them?


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Notes/Lecture/DiscussionChapter 1-We Live in a Global Economy

What is international business? Why is it important? What are the fundamentals of international

trade? What does the international business

environment look like? What are some business skills needed to

thrive in international business? What does international business look like

to a citizen, a worker, and a consumer?


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Notes/Lecture/DiscussionChapter 2-Our Global Economy

What is the basic economic problem? What role does the basic decision-

making process play in global business? How does price affect global business?What are economic resources?Why are economic resources important

to global business?


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Notes/Lecture/DiscussionChapter 3-Cultural Influences on Global Business

Does a country’s cultural influences affect global business? If so, how?

What are some different types of cultural influences? Subcultures Variations in business subcultures Family relationships Society’s institutions Language differences Direct and indirect communication Values among cultures

How do cultural influences affect global business?


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Notes/Lecture/DiscussionChapter 4-Government and Global Business

Does politics affect global business? If so, how? How does government discourage global

business? Worker and consumer laws Trade barriers Trade sanctions Expropriation Economic nationalism Civil unrest or war International taxes

How does government encourage global business? Government protection Tax incentives


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Review Can you define

international business and its importance?

Can you explain the position of the United States in Global Trade by identifying how we encourage and discourage global business?

Can you identify the advantages and problem areas for the United States firms wanting to enter global business? Copyright © Texas Education Agency, 2012. All Rights Reserved.

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Extensions Chapter 1 Extensions

What actions might a country take to encourage other countries to buy its goods and services?

Describe some laws in foreign countries that are different from those in the United States

Chapter 2 Extensions How can a nation create an absolute advantage through its investment

activities? Select one or more economic statistics for several countries (5). Prepare a

graph comparing these data. Chapter 3 Extensions

How long do you think it would take you to learn to communicate in a foreign language like a native speaker does?

Use the Internet to research methods of nonverbal communication and their uses in business situations around the world.

Chapter 4 Extensions How does a common-market agreement benefit citizens of a member

country? Locate a website for your state department of commerce and find out

what tax and financial incentives are available to attract foreign companies to invest in your state.


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Short Answer Test Assessment Rubric

No Answer 0 pts

Needs I mprovement 4 pts

Adequate 6 pts

Quality 8 pts

Exemplary 10 pts

Content 10 pts

No Answer Did not answer question.

Needs Improvement Answers are partial or incomplete. Key points are not clear. Question not adequately answered.

Adequate Answers are not comprehensive or completely stated. Key points are addressed, but not well supported.

Quality Answers are accurate and complete. Key points are stated and supported.

Exemplary Answers are comprehensive, accurate and complete. Key ideas are clearly stated, explained, and well supported.

Organization 10 pts (Answers are clearly thought out and articulated.)


Needs Improvement Organization and structure detract from the answer.

Adequate Inadequate organization or development. Structure of the answer is not easy to follow.

Quality Organization is mostly clear and easy to follow.

Exemplary Well organized, coherently developed, and easy to follow.

Writing Conventions 10 pts (Spelling, punctuation, grammar, and complete sentences.)


Needs Improvement Displays over five errors in spelling, punctuation, grammar, and sentence structure.

Adequate Displays three to five errors in spelling, punctuation, grammar, and sentence structure.

Quality Displays one to three errors in spelling, punctuation, grammar, and sentence structure.

Exemplary Displays no errors in spelling, punctuation, grammar, and sentence structure.

Formal Assessment Rubric


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