1. Do Now
What is the difference between ethics and conduct? Name four social responsibility concerns and provide an example of each one. What are the components/parts of a budget? Name 4 consumer rights and responsibilities. What is a non-renewable resource? What are the attributes of a successful budget? What does it mean to be socially responsible in business

2. International Business
Nations do business with each other to increase the variety of goods and services available to their consumers.
An exchange rate is the amount of currency of one country that can be traded for one unit of the currency of another country
There are three barriers to international business:
quotas
tariffs
Embargoes
Balance of trade is the difference between a country’s exports and imports

3. International Business cont.
Multinational companies conduct business activities in several countries and have management capable of doing business worldwide.
Advantages of international business include more goods available, lower prices, and increased number of jobs; disadvantages include some loss of jobs and lowered demand for some U.S. products

4. International Business Questions
Some people believe that the U.S. should place stiff controls on imports of goods that compete with our businesses to prevent the exporting of American jobs to other countries. Give arguments for and against.
How does international business contribute to a better standard of living for many people in other countries?

5. Group Activity With groups of two.
You are to pick a local business. Provide the name of that business
Provide 2 practical examples of each one of the social responsibility concerns.
You have 15 mins.

6. Exit Ticket What is a contract? What is conduct? What is revenue?
How does the government make money?
What are 4 examples of social responsibility?
What are non-renewable resources?
Give two examples of workplace safety.
How do tariffs affect international business?
What are quotas?