Chapter 3: THE GLOBAL MARKETPLACE LO 1: Explain why nations trade, and describe how international trade is measured. LO 2: Discuss the nature of conflicts in global business, including free trade, and government interventions into international trade.
2 LO 3: Identify the major organizations that facilitate international trade and the major trading blocs around the world. LO 4: Discuss the importance of understanding cultural and legal differences in the global business environment. LO 5: Define the major forms of international business activity. LO 6: Discuss the strategic choices that must be considered before entering international markets. Chapter 4: BUSINESS ETHICS AND CORPORATE SOCIAL RESPONSIBILITY LO 1: Discuss what it means to practice good business ethics, and highlight three factors that influence ethical decision making. LO 2: Define corporate social responsibility (CSR) , and explain the difference between philanthropy and strategic CSR. LO 3: Distinguish among the four perspectives on corporate social responsibility. LO 4: Discuss the role of business in protecting the natural environment, and define sustainable development. LO 5: Identify four fundamental consumer rights and business’s responsibility to respect them.