Business in a Borderless World
Chapter 3 Intro to Business
Explore factors within the international trade environment that
Investigate some of the economic, legal-political, socialcultural, technological barriers
Business Ethics and Social
Intro to Business
What is Business Ethics?
Business ethics are the principals and standards that
determine acceptable conduct in business
What is Social Responsibility?
Social Responsibility is a busin
Introduction to Business
helps people who can no
longer pay their debts get a fresh start by
liquidating assets to pay their debts or by
creating a repayment plan. Bankruptcy
laws also protect financially troubled
The US Banking
There are many different types of banks
There are commercial banks
There are savings banks
There are credit unions
What do they do?
Banks (in general) borrow money from people and re-lend it
out for car loans
Public vs Private
Introduction to business
public company is one that the public
can buy and sell on a regulated exchange.
A firm might want to become public for
funds for specific corporate use
Original owners want to cash out an