BUS080: International Business

This list is representative of the materials provided or used in this course. Keep in mind that the actual materials used may vary, depending on the school in which you are enrolled, and whether you are taking the course as Independent Study.

For a complete list of the materials to be used in this course by your enrolled student, please visit MyInfo. All lists are subject to change at any time.

Scope & Sequence : Scope & Sequence documents describe what is covered in a course (the scope) and also the order in which topics are covered (the sequence). These documents list instructional objectives and skills to be mastered. K12 Scope & Sequence documents for each course include:

Course Overview

From geography to culture, global business is an exciting topic in the business community today. This course helps students develop the appreciation, knowledge, skills, and abilities needed to live and work in the global marketplace. It takes a global view on business, investigating why and how companies go international and are more interconnected. The course further provides students a conceptual tool by which to understand how economic, social, cultural, political, and legal factors influence both domestic and cross-border business. Students explore business structures, global entrepreneurship, business management, marketing, and the challenges of managing international organizations. They also cultivate a mindfulness of how history, geography, language, cultural studies, research skills, and continuing education are important in twenty-first-century business activities.

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Course Length

One Semester

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Prerequisites

None

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Course Outline

Unit One: Introduction to Global Commerce
Unit Two: International Finance
Unit Three: Regional Integration
Unit Four: Trade Relations
Midterm
Unit Five: International Legal Agreements
Unit Six: Cultural Influences
Unit Seven: Global Organizations
Unit Eight: Global Logistics and Marketing
Final Exam

COURSE OBJECTIVES

  • Describe basic global business activities.
  • Discuss global business dependency and importance.
  • Identify various methods for getting involved in global business.
  • Explain the components of the international business environment.
  • Identify various measures of economic progress and development and describe the position of the United States in global trade.
  • Describe some of the monetary systems around the world.
  • Discuss the exchange rate system between nations.
  • Describe the common European currency.
  • Calculate foreign exchange rates.
  • Understand and discuss global banking strategies.
  • Describe laws and trade barriers that can discourage global business.
  • Explain how political risks can disrupt global business activities.
  • Explain government actions that can encourage global business activities.
  • Identify the different levels of economic integration.
  • Discuss the various arguments for and against economic integration.
  • Understand the organization of the European community and its regional economic integration agreement.
  • Discuss the importance of trade relations.
  • Discuss the main types of trade agreements.
  • Describe the goals and function of the General Agreement on Tariffs and Trade (GATT) and the North American Free Trade Agreement (NAFTA).
  • Understand the nature of competition.
  • Describe the legal systems upon which international law is based.
  • Explain product liability.
  • Understand laws and international trade agreements that protect property rights.
  • Describe when an agreement has all the components of a contract.
  • Understand and discuss the litigation process.
  • Discuss influences of culture on global business activities.
  • Explain the role of sub-cultures.
  • Understand the role of societal influences on culture.
  • Describe how communication affects global business success.
  • Describe various reactions to cultural differences.
  • Describe the advantages and disadvantages of sole proprietorship, partnerships, and corporations.
  • Explain the other forms of business ownership.
  • Describe the activities, characteristics, and concerns of multinational companies.
  • Identify low-risk methods for getting involved in global business.
  • Identify high-risk methods for getting involved in global business.
  • Learn about the elements of the marketing mix.
  • Discuss the steps in the new product development process and the marketing research process.
  • Identify the factors that must be considered by businesses when setting prices.
  • Describe the indirect and direct channels of distribution.
  • Describe the elements of the promotional mix.
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Lesson Scheduling

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K12 Scope & Sequence documents for each course include:

  • Course Overview (as seen above)
  • Course Outline
  • Lesson Time and Scheduling