1. Foundations of International Business

2. What is International Business?
From making your own clothes and growing your own food…
To having others
make your goods and
services as the
population increased and
production/ distribution
methods improved.

3. What is International Business?
This dependence grew as more and more people began to specialize in the work they did.
Today, Canada has a complex business system based on people’s specialties and makes a wide variety of items available for use.

5. All Countries Import
Although countries like Canada and the United States have some level of economic independence, they still depend on other countries.
Example: Coffee in the
U.S. and Canada comes
from Brazil; Japan
depends on other
countries for oil).

6. Domestic vs. International Business
Making, buying, and selling goods and services within a country is called domestic business. (ex: Coke)
International business includes all business activities needed to create, ship, and sell goods and services across national borders. (ex: buying a shirt made in Taiwan)

7. Advantages and Disadvantages Activity
Think – Pair – Share
1) Think of possible advantages
and disadvantages for
International Business. (5 mins)
2) Share your ideas with
your neighbor and write down
the list you come up with. ( 10 mins)
3) Discussion and create a class list of advantages and disadvantages.