Week 6 - Int'l Business

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  1. International business includes all business activities needed to create, ship, and sell goods and services across national borders.
  2. International business is important because it
  3. International business started 15,000 years ago.




p. 7
  1. Companies frequently expand their business operations into other countries to reach a larger base of customers.
  2. The benefits of doing business in other countries are getting more customers and making more money. The downfalls are the possibility of not being able to obtain as high-quality materials as they would in the US, and bombings, apparently.




p. 9
  1. Countries create trade agreements like NAFTA to eliminate taxes on goods traded between the countries and make trading an overall easier process.




p. 13
  1. Domestic business – making, buying, and selling goods and services within a country.
  2. International business – making, buying, and selling of goods between countries.
  3. Global dependency – when items that consumers need and want are created in other countries.
  4. Domestic business deals only within the country, while international business deals with other countries.
  5. International business is important because it provides a source of raw materials and products and demand for foreign products, it allows for new market and investment opportunities, it can even help improve political relations.
  6. Examples of international business before 1800 are China, India, and Japan trading goods throughout the world 15,000 years ago.
  7. Lands’ End got involved in international business to reach more consumers.
  8. The internet made it possible for the company to sell products around the world.
  9. Taxes on other countries may be higher, so fewer people may want to buy them.
  10. The company lets you order off of its website for convenience.
  11. I am affected by international business because I have global dependency on several of my belongings.
  12. Factors which affect a country’s decision to trade goods and services with another country are the countries’ political relations, the taxes of the goods, etc.
  13. The internet allows people to purchase goods from anywhere in the world with ease.

  1. Egypt attacked Israel, so Israel might not want to trade with Egypt because of that.



p. 15
  1. Governments create trade barriers to discourage imports from other countries.
  2. Examples of non-government trade barriers are pirates and thieves.



p. 17
  1. Culture has an influence on how some countries do business, so when two cultures conflict in morals; it shows when the two countries do business.
  2. Global managers can be unbiased in the way they do business.



p. 20
  1. Canada has plenty of natural resources, so they don’t have to worry about running out.
  2. Canada should use the resources it has and make some money.




p. 21
  1. Imports – products bought from businesses in other countries.
  2. Exports – products sold in other countries.
  3. Trade barriers – restrictions that reduce free trade among countries.
  4. Culture – the accepted behaviors, customs, and values of a society.
  5. Geography, cultural and social factors, economic conditions, and political and legal factors.
  6. Language, education, religion, values and customs, and social relationships.
  7. Type of economic system, education level, types of industries, and technology.
  8. History, geography, foreign language, cultural awareness, and study skills.
    1. International business affects you as a consumer because prices might be higher if a country has something to sell that no other country has.
    2. International business affects you as a worker because another country might be able to make the same product as you, except cheaper, which can put you out of a job.
    3. It can affect you as a citizen because it affects your country’s economy.
  10. Some factors might be if they can change governments.
  11. It can be affected because if there is no money there is going to be less merchandise to order.
  12. The cultural can be affected because not everyone’s beliefs are the same things as others.
  13. Politics can affect the exporting because in countries there are different laws.
  14. They might start to get familiar with their culture and maybe even learn their language.
  15. Geography can create international business opportunities because it’s environmental resources that maintain a countries international business.
  16. Well I think that citizens are very important because we are the ones that actually buy the merchandise from the business.
Pg. 22

  1. A factory McDonald's had is Mexico didn’t have the right meat to sell.
  2. It has affected the companies of the language and since not everyone speaks the same language it’s difficult to communicate.
  3. The risk they take is that maybe the business doesn't develop as fast as others and it can close down.
  4. Some actions that I suggest are that in every McDonald's they should have bilingual speakers based on the ethnicity population.

Pg. 23

  1. f
  2. d
  3. b
  4. c
  5. a
  6. g
  7. e

Think Critically


  1. The limited resources available to satisfy the unlimited needs and wants of people.
  2. The study of how people choose to use limited resources to satisfy their unlimited needs and wants.
  3. The most attractive alternative given up when a choice is made.
  4. Selecting what Groceries to buy is an economic choice.
  5. Define the problem, Identify the alternatives, evaluate the alternatives, Make a choice, Take action on the choice, and Review the decision.
  6. Every time a choice is made, something else is given up.
  7. Have it for sale. Identify the alternatives, evaluate the alternatives.
  8. Beat their price and advertise the customers. Identify the alternatives, evaluate the alternatives, and take action on the choice.
  9. Fix the problem to satisfy the customer. Identify the alternatives, evaluate the alternatives.
  10. This affects families to receive housing and food.
  11. When applying to get a Credit card.
  12. Mall, buy new cell, and get Lamborghini doors. We are talking about hundredths of dollars.
  13. If you never risk you don’t win.
  14. Can do stocks, Graphs.
    15. 200,000 and it would be two years.

Think Critically

  1. The relationship between the amount of a good or service that businesses are willing and able to make available and the price.
  2. The number of film projectors available declined.
  3. The point at which supply and demand cross.
  4. An increase in the average prices of goods and services in a country.
  5. When Companies get in sports and starts developing materials.
  6. When demand exceeds supply, prices go up.
  7. Cost push inflation results in a higher price charged by a company.
  8. Cost push inflation
  9. Demand pulls inflation.
  10. Demand pulls inflation.
  11. Cost pushes inflation.
  12. When you buy a shirt then the next day it’s in sale.
  13. Banking, Car financing, housing. It’s all about dealing with the money.
  14. There are 225 sweaters, and will be sold at 70$.
  15. United States and huge government deficits weakened confidence in.... United States historical inflation rate 1666–2004