1. Slides for south-western thompson ###PROJECT### CHECK PAGE 85 –Country cultural file - Taboos Role of family Business practices such as types of businesses length of workday –Should have information from page 16 Especially Geography, Economic Conditions and now Cultural Factors

2. Slides for south-western thompson Homework Page 107 Page 108 - 19, 21, 22 Page 139 Page 152 -1 & 2 Page 169

3. Slides for south-western thompson Political Systems Democracy Socialist Communist Mixed Systems

4. Slides for south-western thompson Comparison of GDP http://www.indexmundi.com/g/r.aspx?t= 0&v=65http://www.indexmundi.com/g/r.aspx?t= 0&v=65

5. Slides for south-western thompson Political Risks in International Business How does government and/or their political systems effect international business? Trade sanctions read pg 95 Expropriation -pg 96 Economic nationalism Civil unrest or war

6. Slides for south-western thompson Laws that protect workers/ consumers OSHA Child Labor Labor Laws Unions - Chap 13 Trade Barriers Tariffs Quotas Boycotts Licensing Taxes

7. Slides for south-western thompson Reading Questions –When did large unions form? Why –Name some ways employers stopped union efforts. –What Act gave the right to form unions –Name some ways unions help the employees. –Name countries that have had benefited by union or labor unrest. –What are our two most common unions? –Why has union membership dropped in the last 50 years? –What country has the highest percentage of unions now?

8. Slides for south-western thompson Union History Chapter 13 Read 344-345 Vocab –Closed shop –Union Shop –Arbritration –Collective bargaining Find article on unions in your country

9. Slides for south-western thompson Chapter 13 – Organized Labor

10. Slides for south-western thompson A labor union is an organization of workers whose goal is improving members’ working conditions, wages, and benefits.

11. Slides for south-western thompson Members of the early unions goal was to prevent other workers from getting hired who were asking for lower wages.

12. Slides for south-western thompson In the early years government often sided with employers and unions were described as “criminal conspiracies”. Union members were described as communists.

13. Slides for south-western thompson The National Labor Act 1935 – right to form unions; bargain with employers, and strike. Read 346-348

14. Slides for south-western thompson Union membership in the U.S. is about 14% of the total workforce. In the 1950s it was almost 33%

15. Slides for south-western thompson Decline: Manufacturing is a smaller part of our economy. More service industries – unions have less experience organizing service industry. Government has made laws regarding minimum wage, working conditions, overtime and equal employment opportunities.

16. Slides for south-western thompson Achieving union representation A union representation election – find out whether workers want the union or not. Simple majority

17. Slides for south-western thompson If the union wins the employer is required by law to refrain from making arrangements with individual workers. The employer can only negotiate with the union on matters such as worker’s pay, hours, benefits, problems and discipline.

18. Slides for south-western thompson Types of union representation

19. Slides for south-western thompson Union shop – all workers whether they want to be represented or not are ask to pay the union dues or a fee for the union to perform the tasks in collective bargaining.

20. Slides for south-western thompson Closed shop – employees are required to join the union before they are hired. These are generally illegal

21. Slides for south-western thompson Open shop – very rare – workers may or may not join the union and do not have to pay a fee if they choose not to.

22. Slides for south-western thompson Tools of labor negotiations Grievance procedure –

23. Slides for south-western thompson Arbitration – third party is called in to resolve the dispute. The decision of the arbitrator is final and binding.

24. Slides for south-western thompson Strike – the most powerful weapon a union has against an employer.

25. Slides for south-western thompson No-strike clause – this allows the company to continue to operate and address issues without interruption of work. P355 – 356

26. Slides for south-western thompson International Taxes Customs duty Sales tax Excise tax Payroll-related tax Value-added tax (VAT) Income taxes

27. Slides for south-western thompson Encouraging International Business Free-trade zones Most favored nation (MFN) Free-trade agreements Common markets

28. Slides for south-western thompson Tax Incentives Corporate tax deduction on income earned by foreign subsidiaries Double-taxation avoidance treaties Pg 103

29. Slides for south-western thompson Types of Business Ownership Sole Proprietorship Partnership Corporations Municipal Non-Profit Cooperative LLP S Corp

30. Slides for south-western thompson Multinational Companies Multinational companies - pg 127 - 129 Characteristics of multinational companies –World-wide market view –Standardized product –Culturally-sensitive hiring –International and local perspective Concerns about multinational companies

31. Slides for south-western thompson Getting Involved in International Business Low-Risk Methods Indirect exporting Direct exporting Management contracting Licensing Franchising Higher-Risk Methods Joint ventures Foreign direct investment –Wholly-owned subsidiary

32. Slides for south-western thompson Importing and Exporting Every transaction involves shipping and payment terms Transportation costs can be a major portion of the cost of importing or exporting FOB, CIF, C&F Page 151 -153

33. Slides for south-western thompson Trade Agreements GATT WTO EU Pg 158 - 159

34. Slides for south-western thompson Types of Competitive Situations Pure Competition –Many seller, Same product Monopolistic Competition –Many sellers, slightly different product Oligopoly –Few sellers, slightly different product Monopoly –One seller, usually government regulated

35. Slides for south-western thompson The Short Course!! Accounting for Beginners –Two Forms - Balance Sheet and Income Statement –Assets(what you own)=Liabilities(what you owe) + Owners Equity(your net worth) –Revenue(Sales you make) - Expenses(bills you pay) = Net Income

36. Slides for south-western thompson Chapter 9 Start with 239

37. Slides for south-western thompson Financing a Small Business Analyzing costs –Variable costs –Fixed costs Breakeven point Sources of funds –Equity funds –Debt funds

38. Slides for south-western thompson Financial Records of Small Businesses Balance sheet Income statement Cash flow statement

39. Slides for south-western thompson Global Investment Opportunities Identifying potential investments Evaluating investment opportunities Rate of return Liquidity Taxes Safety

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42. Beginning Operational Expenses wages, rent, supplies, advertising, and other monthly expenses.

43. Slides for south-western thompson Your largest asset may be your employees, they will also be your largest expense. Efficient payroll management helps keep your expenses down.

44. Slides for south-western thompson Expenses – Cost of Goods Sold: – the actual product costs of production of items or the buying of merchandise for resale. Operating Expenses: –wages, advertising, utilities, insurance, supplies, etc. Living Expenses: –What will you need to live on while your business is just getting started?

45. Slides for south-western thompson Income – profits or revenue generated by your business. You can estimate this by: –(Items sold * price = profits)*(day, month, year)

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47. Cash Flow Statement estimate of the money coming in (revenue) verses the money going out (expenses). –This could be done on a weekly, bi-weekly or monthly basis depending on the type of business.

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49. ###PROJECT### CHECK PAGE 171 –Business Product description - –Market Potential