1. INTERNATIONAL BUSINESS
Lesson 4.1
12/26/2018
LESSON 4.1
INTERNATIONAL BUSINESS
Explain the difference between imports and exports
Describe three barriers to international trade
INTRO TO BUSINESS

2. Trade with Other Nations
4.1
Trade with Other Nations
Imports
Goods and services that U.S. companies buy from other countries
Exports
Goods and services that U.S. companies sell to other countries

3. Trade with Other Nations
4.1
Trade with Other Nations

4. 4.1
Balance of Trade
A country’s balance of trade is the difference between its exports and its imports
Positive balance of trade
Exports > Imports
Negative balance of trade
Imports > Exports

5. International Currency
4.1
International Currency
The exchange rate is the value of a currency of one country compared with the currency of another country.

6. International Currency
4.1
International Currency

7. Barriers to International Trade
4.1
Barriers to International Trade
A quota is a device governments use to regulate international trade that sets a limit on the quantity of a product that can be imported or exported.
Examples:
Sugar and products with more than 65% sugar content
Tobacco
Peanuts and peanut butter
Many specific dairy products (e.g. powdered milk, baby formula)
Cotton
Beef
Animal feed
Anchovies
Wire rod
Ethyl alcohol
Olives
Mandarin oranges
Tuna
Brooms

8. Barriers to International Trade
4.1
Barriers to International Trade
A tariff is a tax a government places on certain imported products to cause the price of those products to increase in the country’s markets.
Current tariffs:
Same items that have quotas

9. Barriers to International Trade
4.1
Barriers to International Trade
An embargo is a device governments use to regulate international trade that completely stops the export or import of goods or services.
Some Countries on US list:
Iran
North Korea
Syria
Cuba

10. GOVERNMENT IN THE U.S. ECONOMY
Lesson 4.2
12/26/2018
LESSON 4.2
GOVERNMENT IN THE U.S. ECONOMY
Explain the ways a government protects citizens and businesses
Describe the ways in which a government acts as a business
INTRO TO BUSINESS

11. Government as a Protector
4.2
Government as a Protector
Governments enact laws that protect individuals and businesses in the marketplace.

12. 4.2
Enforcing Contracts
An agreement to exchange goods and services for something of value, usually money, is called a contract.
To be enforceable, however, contracts must include the following basic elements:
Agreement
Competent parties
Consideration
Legality

13. Protecting Intellectual Property Rights
4.2
Protecting Intellectual Property Rights
Intellectual property is purely intangible, with no physical characteristics—a person cannot touch it.
Intellectual property includes:
Patent
Copyright
Trademark

14. Regulating Public Utilities
4.2
Regulating Public Utilities
A public utility is an organization that supplies a good or service that all citizens need and use.
These needs include:
Local telephone service
Water
Gas
Electricity

15. Government as a Business
4.2
Government as a Business
Buying goods and services
Employing workers
Raising revenue
Borrowing money

16. BUSINESS ETHICS AND SOCIAL RESPONSIBILITY
Lesson 4.3
12/26/2018
LESSON 4.3
BUSINESS ETHICS AND SOCIAL RESPONSIBILITY
Explain the importance of business ethics
Describe how businesses can be socially responsible
INTRO TO BUSINESS

17. 4.3
Business Ethics
Ethics are the principles of conduct governing an individual or group.
Business ethics are rules about how businesses and their employees are expected to behave.
A code of ethics is a set of rules for guiding the activities of employees or members of an organization.

18. 4.3
Code of Ethics

19. Examples of Topics Covered in Codes of Ethics
4.3
Examples of Topics Covered in Codes of Ethics
Protecting confidential business information
Treating others with respect
Showing integrity in all business conducted

20. Ethical Conduct Setting a good example
4.3
Ethical Conduct
Setting a good example
Doing business in other countries
Educational programs

21. Social Responsibility
4.3
Social Responsibility
Social responsibility refers to the duty of a business to contribute to the well-being of the community and society at large.
When a company tries to be socially responsible, it must consider the interests and concerns of many groups.

22. Common Social Concerns
4.3
Common Social Concerns
Protection of the environment
Inclusion of minorities and women in the workplace
Employment of physically challenged and older workers
Safe and healthy work environments

23. Environmental Protection
4.3
Environmental Protection
Conservation is preserving scarce natural resources.
When the environment is contaminated with by-products of human activity, the result is pollution.

24. Environmental Protection
4.3
Environmental Protection

25. 4.3
Workplace Diversity
Businesses are increasingly sensitive to the roles of women, ethnic groups, the physically challenged, and older workers in the workplace.
Members of these groups must have equal access to education, training, jobs, and career advancement.

26. Workplace Diversity - Women
4.3
Workplace Diversity - Women

27. Workplace Diversity - Ethnic Groups
4.3
Workplace Diversity - Ethnic Groups

28. Workplace Diversity - Physically Challenged & Older Workers
4.3
Workplace Diversity - Physically Challenged & Older Workers
Physically Challenged
Older Workers
Protected by the ADA (Americans with Disabilities Act of 1990.
Protected by the Age Discrimination in Employment Act (ADEA) forbids age discrimination against people who are age 40 or older.

29. Job Safety Safe place to work Training
4.3
Job Safety
Safe place to work
Training
How to work safely
What to do in case of an emergency
Occupational Safety and Health Administration (OSHA)
Health and wellness

30. International Business Relationships
4.3
International Business Relationships
Societal expectations and standards
Unfair labor practices

31. Social Responsibility Benefits And Costs
4.3
Social Responsibility Benefits And Costs
Benefits
Reduces government action
Improves quality of life
Costs
Costs reduce profit
Striking a balance between the benefits and the cost of social responsibility