Quiz (Day 1) In ____ trade goods are bought in _____ from various manufacturers. This is then broken down into smaller quantities which are then passed on to the retailer. These traders are _____ distributors. Find the odd-one-out and explain your choice in a sentence: Consumer, retailer, agent, authorized dealer Explain the meaning of “distribution channel” Make 2 word partnerships with “cost”. Write a true sentence with “trade bloc”.

International trade

What do these words mean? Interdependent Rely on something Policy-making Regulation Protectionism Barrier Import export

Developed countries, developing countries? Low-income country with lower standard of living. High GDP and high standard of living p. 21

Watch and listen https://www.youtube.com/watch?v=8sSNyXEShqI How does globalization affect developed and developing countries? Who wins most from globalization?

Finish these sentences The effect of globalization on … developed countries: costs … benefits … developing countries: As a result the income gap betwen developed and developing countries… gets bigger. multinational companies … get more powerful. the environment … is not protected in poorer countries to attract foreign investment.

Documents used in export

If you want to sell goods abroad (export) what kinds of questions will your buyer ask? What are the goods like (quality, size, origin, etc.)? How much can you sell? How much do the goods cost? Are you able to (do you have the right to) sell to the buyer’s (importer’s) country? Are the goods insured? How will they be transported?

What do you think these documents are for? commercial invoice bill of lading insurance certificate certificate of origin quality and weight certificate export license