Chapter 4

Chapter 4 - Introduction to Business . Minneapolis...

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Introduction to Business Instructor: Dave Skogstrom Office: Management Education Center, Room 1290 Phone: 612-659-6422 Email: [email protected] .
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Hi, and welcome to the slide presentations for Introduction to Business. There is a set of slides for each of the eleven chapters that we will cover. There is another slide set with sound that you should also check out. These slides that you’re viewing here are the slides that I usually use when conducting a live face to face class. If all 40 of us were all together in a traditional classroom, we’d go through each of these sets of slides one at a time and have a discussion and answer questions about nearly all of these topics presented here. In our course, we won’t get to do that, at least the online section won’t. The blended section will meet roughly every other week to have some discussions of all of this, but not much. Since we can’t talk about this all together, it’s important for you to go though all of the slides and imagine how a class discussion might go. And then if you do have questions, comments, or would like to discuss some of these topics, please post your question or comment in the chapter discussion topic for this chapter. I won’t ignore you, and neither will your classmates.
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Chapter 4 Competing in Global Markets L e a r n i g   G o l s Explain international business and why nations trade. Discuss types of advantage in international trade. Describe measurements of international trade and exchange rates. Identify the major barriers that confront global businesses. Explain how international trade organizations and economic communities reduce barriers to international trade. Compare the different levels of involvement used by businesses when entering global markets. Distinguish between a global business strategy and a multidomestic business strategy. 1 2 3 4 5 6 7
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Is What You Think You See What You Really Get? Some people feel that it is important to “buy American”, but find it downright difficult to tell who makes what these days. Try your skill at the following matching exercise and see if you determine the nationalities of the companies and products mentioned. Write down the name of the nationality or country from those listed. Countries can be used more than once. You can get a 2 point bonus for every company name you get correct along with its country. Accurate as of 2006. 1. Bic pens are: a. US k. Sweden 2. Godiva chocolate is: b. Netherlands l. S. Korea 3. Vaseline’s owner is: c. Belgium m. Italy 4. Haagen-Dazs ice cream is: d. Great Britian 5. Firestone tires are: e. Canada 6. RCA televisions are made by: f. France 7. Atari video games are: g. Germany 8. Jaguar cars are made by: h. Japan 9. Holiday Inns are owned By: i. Switzerland 10. Arrow shirts are: j. Mexico 11. The parent company of Braun appliances: 12. Tropicana orange juice is owned by:
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Facts About a Growing Global Interdependence What % of the world’s assets were located in the US? 70% at WWII, 12% now
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This note was uploaded on 11/26/2011 for the course BUSN 1140 taught by Professor Skogstrom during the Fall '10 term at MCTC.

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Chapter 4 - Introduction to Business . Minneapolis...

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