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Introduction to International Business

Introduction to International Business. BCS-BE-8a: Defines International Business. Vocabulary. International Business. International Trade. Global Economy. Exports. Imports. Culture. International Business.

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Introduction to International Business

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  1. Introduction to International Business BCS-BE-8a: Defines International Business

  2. Vocabulary International Business International Trade Global Economy Exports Imports Culture

  3. International Business business activities needed for creating, shipping and selling goods and services across national borders

  4. International Trade involves the exchange of goods and services between nations

  5. Global Economy the interconnected economies of the nations of the world

  6. Exports goods and services sold to other countries $3.9 Billion

  7. Imports Items bought from other countries U.S. Import Reliance for Selected Raw Materials

  8. Why Does A Country Import Goods? A good may not be available in your country It costs less to buy it from another country than it does to produce it in your own The product may be better quality, even if it costs more than in your own country 4. Some specific products are desirable from certain countries (i.e. French perfumes, Swiss watches, German cars, etc.)

  9. Culture the accepted behaviors, customs and values of a society What are the main cultural and social factors that affect international Business? Language, religion, values, customs and social relationships

  10. Questions?

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