1. Business Management
Globalization

2. Today’s Objectives
Describe the effect of a global marketplace on business, including
Changes in American business operations
Basic business concerns & variables in business competition

3. Globalization
The worldwide movement toward _______, ________, ____, and ________ _________
Implies that we are more interconnected and interdependent

4. What does it mean for business?
Emphasis on the transfer of _____, ______, and _______ across national frontiers

5. Here in the United States…
You could purchase _______ goods that are products made by firms in the United States.
You could purchase _______ goods that are products made by firms in other countries.

6. BINGO! How much of what you’re wearing is really Made in America?

7. Think About It
Why do we seem to have more foreign goods from some countries over others?

8. Trade Agreements
Free-trade agreements are ___________ agreements that ______ almost all _____ _________and subsidies between individual _______ and groups of countries.

9. This helps with…
Importing – _____ goods or services made in a ______ country
Exporting – when a company ____ its goods and services to a _______ country

10. Think About It
Does the United States typically import or export more goods?
** balance of trade
** deficit

11. Effect on American Businesses
More e-commerce
_________________
Decrease of ___________ jobs
Rapid growth of _________ jobs

12. Businesses are concerned with…
________ costs
Product _______
_______ quality
_____ volume
_____ margins
These variables are important to being competitive in the business market.