Principles of Business, Marketing, and Finance Business in a Global Society UNT in partnership with TEA, Copyright ©. All rights reserved.

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Presentation transcript:

Principles of Business, Marketing, and Finance Business in a Global Society UNT in partnership with TEA, Copyright ©. All rights reserved

International Business All business activities needed to: –Create –Ship –Sell Goods and services across national borders. UNT in partnership with TEA, Copyright ©. All rights reserved 2

Foreign Trade International Trade Global business Other Names for International UNT in partnership with TEA, Copyright ©. All rights reserved 3

Importance of International Business lGobal Opportunities Imports -meet Consumer Demands Exports -increase Business Materials and Parts are Needed from Other Countries UNT in partnership with TEA, Copyright ©. All rights reserved 4

Domestic Business Business Within One Country Making, Buying, Selling Goods and Services within One Country UNT in partnership with TEA, Copyright ©. All rights reserved 5

Produce Raw GoodsProcess Raw Goods Manufacture Goods from Processed Goods Distribute Goods Manufacture Goods from Raw Goods Provide Services Types of Business Activities UNT in partnership with TEA, Copyright ©. All rights reserved 6

Fundamentals of International Trade Imports Exports Trade Barriers –Protectionism –Tariff –Quota –Embargo UNT in partnership with TEA, Copyright ©. All rights reserved 7

International Business Environment Geography Economic Conditions Cultural and Social Factors Political and Legal Factors UNT in partnership with TEA, Copyright ©. All rights reserved 8

Global Marketplace Multinational Corporation –conducts business in many countries. –has facilities and offices in many countries.. –works like a shopping mall or a supermarket. UNT in partnership with TEA, Copyright ©. All rights reserved 9

Resources for a Country UNT in partnership with TEA, Copyright ©. All rights reserved 10 HumanNatural

financialhumanNnatural resources What a country does the best depends upon Specialization UNT in partnership with TEA, Copyright ©. All rights reserved 11

Currency Exchange Rate –Price at which one currency can buy another currency –Exchange rates change daily –Currency rate depends on how many other countries want to buy the country’s products UNT in partnership with TEA, Copyright ©. All rights reserved 12

Different Exchange Rate Scenarios Favorable -when the value of a country’s currency goes up compared to another country’s currency Unfavorable -when the value of a country’s currency goes down compared to another country’s currency Countries lower the value of the currency to increase business UNT in partnership with TEA, Copyright ©. All rights reserved 13

Balance of Trade Trade Surplus -more exports than imports Trade Deficit -more imports than exports UNT in partnership with TEA, Copyright ©. All rights reserved 14

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