Global Business Defined
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Copyright © Texas Education Agency, 2012. All Rights Reserved.
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Purpose of Assignment
SWBAT
(Student Will Be Able To)
Define
global business.
Describe the position of the United States in
global trade.
Identify advantages and problem areas for
United States firms wanting to enter global
business.
Copyright © Texas Education Agency, 2012. All Rights Reserved.
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Need to Know Terms
Chapters 1 and 2
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Culture
Domestic Business
Exports
Global Dependency
Imports
International Business
Trade Barriers
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Absolute Advantage
Balance of Trade
Comparative Advantage
Consumer Price Index (CPI)
Economics
Economic System
Factors of Production
Foreign Debt
Gross Domestic Product (GDP)
Gross National Product (GNP)
Infrastructure
Privatization
Scarcity
Supply
Copyright © Texas Education Agency, 2012. All Rights Reserved.
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Need to Know Terms
Chapters 3 and 4
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Body Language
Class System
Collectivism
Cultural Baggage
Culture Shock
Ethnocentrism
Extended Family
Individualism
Nonverbal Communication
Nuclear Family
Subculture
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Boycott
Common Market
Democracy
Economic Nationalism
Expropriation
Free Trade Agreement
Free Trade Zone
Home Country
Host Country
MFN Status
Political System
Protectionism
Quota
Tax Holiday
Trade Embargo
Copyright © Texas Education Agency, 2012. All Rights Reserved.
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Discovery
What
kinds of things do you like to spend your
money on?
What kinds of things do you have to spend your
money on?
What kind of product is it…a good or a service?
Do you know who provides that good or service?
Do you know where it comes from (what country)?
Copyright © Texas Education Agency, 2012. All Rights Reserved.
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Copyright © Texas Education Agency, 2012. All Rights Reserved.
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Notes/Lecture/Discussion
Chapter 1-We Live in a Global Economy
 What
is international business?
 Why is it important?
 What are the fundamentals of international
trade?
 What does the international business
environment look like?
 What are some business skills needed to thrive
in international business?
 What does international business look like to a
citizen, a worker, and a consumer?
Copyright © Texas Education Agency, 2012. All Rights Reserved.
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Notes/Lecture/Discussion
Chapter 2-Our Global Economy
 What
is the basic economic problem?
 What role does the basic decision-making
process play in global business?
 How does price affect global business?
 What are economic resources?
 Why are economic resources important
to global business?
Copyright © Texas Education Agency, 2012. All Rights Reserved.
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Notes/Lecture/Discussion
Chapter 3-Cultural Influences on Global Business
 Does
a country’s cultural influences affect
global business? If so, how?
 What are some different types of cultural
influences?
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Subcultures
Variations in business subcultures
Family relationships
Society’s institutions
Language differences
Direct and indirect communication
Values among cultures
 How
do cultural influences affect global
business?
Copyright © Texas Education Agency, 2012. All Rights Reserved.
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Notes/Lecture/Discussion
Chapter 4-Government and Global Business
 Does
politics affect global business? If so, how?
 How does government discourage global business?
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Worker and consumer laws
Trade barriers
Trade sanctions
Expropriation
Economic nationalism
Civil unrest or war
International taxes
 How does government
 Government protection
 Tax incentives
encourage global business?
Copyright © Texas Education Agency, 2012. All Rights Reserved.
12
Review
 Can
you define international
business and its importance?
 Can you explain the position
of the United States in
Global Trade by identifying
how we encourage and
discourage global business?
 Can you identify the
advantages and problem
areas for the United States
firms wanting to enter global
business?
Copyright © Texas Education Agency, 2012. All Rights Reserved.
Extensions
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Chapter 1 Extensions
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How can a nation create an absolute advantage through its investment
activities?
Select one or more economic statistics for several countries (5). Prepare a
graph comparing these data.
Chapter 3 Extensions
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What actions might a country take to encourage other countries to buy its
goods and services?
Describe some laws in foreign countries that are different from those in the
United States
Chapter 2 Extensions
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How long do you think it would take you to learn to communicate in a foreign
language like a native speaker does?
Use the Internet to research methods of nonverbal communication and their
uses in business situations around the world.
Chapter 4 Extensions
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How does a common-market agreement benefit citizens of a member
country?
Locate a website for your state department of commerce and find out what
tax and financial incentives are available to attract foreign companies to
invest in your state.
Copyright © Texas Education Agency, 2012. All Rights Reserved.
Formal Assessment Rubric
Short Answer Test Assessment Rubric
Needs
No Answer
Improvement
0 pts
4 pts
Content
10 pts
No Answer
Did not answer
question.
Organization
10 pts (Answers
are clearly thought
out and
articulated.)
Writing
Conventions
10 pts (Spelling,
punctuation,
grammar, and
complete
sentences.)
No Answer
Did not answer
question.
No Answer
Did not answer
question.
Needs
Improvement
Answers are
partial or
incomplete. Key
points are not
clear. Question
not adequately
answered.
Needs
Improvement
Organization and
structure detract
from the answer.
Needs
Improvement
Displays over five
errors in spelling,
punctuation,
grammar, and
sentence
structure.
14
Adequate
6 pts
Adequate
Answers are
not
comprehensive
or completely
stated. Key
points are
addressed, but
not well
supported.
Quality
8 pts
Quality
Answers are
accurate and
complete. Key
points are
stated and
supported.
Exemplary
10 pts
Exemplary
Answers are
comprehensive,
accurate and
complete. Key
ideas are
clearly stated,
explained, and
well supported.
Adequate
Quality
Exemplary
Inadequate
organization or
development.
Structure of
the answer is
not easy to
follow.
Organization is
mostly clear
and easy to
follow.
Well organized,
coherently
developed, and
easy to follow.
Adequate
Quality
Exemplary
Displays three
to five errors in
spelling,
punctuation,
grammar, and
sentence
structure.
Displays one to
three errors in
spelling,
punctuation,
grammar, and
sentence
structure.
Copyright © Texas Education Agency, 2012. All Rights Reserved.
Displays no
errors in
spelling,
punctuation,
grammar, and
sentence
structure.