Business Question

BUS 1101 Article Review Assignment #2What?
Review an article that pertains to the theme discussed in Chapter 3: Competing in the Global
Marketplace.
Upload your review/summary of your chosen article to Drop box
How?
For the article review, you need to:
Review articles. Not every article that appears in a Google search is going to work for this
assignment. If you are using Google for your research, select the “News” table under the search
box. That will give you articles that are published.
Your article needs to be published—not from a blog.
Specifics
Your post needs to be written in the following bulleted format:
•
•
•
•
•
Subject line – put the full name of your article.
Summary – Summarize the article in your own words. Do not copy the
article itself. Imagine you are telling a friend about the article.
Connection – Connect the article with the concepts from our book or
class. Use specific terminology.
Provide the full URL of the article.
Minimum 250 words.
Introduction to Business
Chapter 3 COMPETING IN THE GLOBAL MARKETPLACE
PowerPoint Image Slideshow
Learning Outcomes
1. Why is global trade important to the United States,
and how is it measured?
2. Why do nations trade?
3. What are the barriers to international trade?
4. How do governments and institutions foster world
trade?
5. What are international economic communities?
6. How do companies enter the global marketplace?
7. What threats and opportunities exist in the global
marketplace?
8. What are the advantages of multinational
corporations?
9. What are the trends in the global marketplace?
1. Why is global trade important to the United States,
and how is it measured?
• CONCEPT CHECK
1. What is global vision, and why is it
important?
2. What impact does international trade have
on the U.S. economy?
3. Explain the impact of a currency
devaluation.
2. Why do nations trade?
• CONCEPT CHECK
1. Describe the policy of free trade and its
relationship to comparative advantage.
2. Why do people fear globalization?
3. What are the benefits of globalization?
3. What are the barriers to international trade?
• CONCEPT CHECK
1. Discuss the concept of natural trade
barriers.
2. Describe several tariff and nontariff barriers
to trade.
4. How do governments and institutions foster world
trade?
• CONCEPT CHECK
1. Describe the purpose and role of the WTO.
2. What are the roles of the World Bank and
the IMF in world trade?
5. What are international economic communities?
• CONCEPT CHECK
1. Explain the pros and cons of NAFTA.
2. What is the European Union? Will it ever be
a United States of Europe?
4. How do businesses meet their social
responsibilities to various stakeholders?
• CONCEPT CHECK
1. How do businesses carry out their social
responsibilities to consumers?
2. What is corporate philanthropy?
3. Is a company’s only responsibility to its
investors to make a profit? Why or why not?
Exhibit 3.1 The European Union
5. What are the trends in ethics and corporate
social responsibility?
• CONCEPT CHECK
1. Describe strategic giving.
2. What role do employees have in improving
their job security?
3. How do multinational corporations
demonstrate social responsibility in a
foreign country?
This OpenStax ancillary resource is © Rice University under a CC-BY 4.0 International license; it may be reproduced or modified but must be attributed to OpenStax, Rice University and any
changes must be noted. Any images credited to other sources are similarly available for reproduction, but must be attributed to their sources.
6. How do companies enter the global
marketplace?
• CONCEPT CHECK
1. Discuss several ways that a company can
enter international trade.
2. Explain the concept of countertrade.
Table 3.1 Cultural Dos and Don’ts Guidelines and Examples
Table 3.2 Where the Money Is
Table 3.2 Where the Money Is, continued
Table 3.2 Where the Money Is, continued
7. How do companies enter the global
marketplace?
• CONCEPT CHECK
1. Explain how political factors can affect
international trade.
2. Describe several cultural factors that a
company involved in international trade
should consider.
3. How can economic conditions affect trade
opportunities?
Table 3.3 The World’s Top 11 Largest Multinational Corporations
8. What are the advantages of multinational
corporations?
• CONCEPT CHECK
1. What is a multinational corporation?
2. What are the advantages of multinationals?
9. What are the trends in the global marketplace?
• CONCEPT CHECK
1. What trends will foster continued growth in
world trade?
2. Describe some of the ways businesses can
take advantage of these trends to “go
global.”
This OpenStax ancillary resource is © Rice University under a CC-BY 4.0 International license; it may be reproduced or modified but must be attributed to OpenStax, Rice University and any
changes must be noted. Any images credited to other sources are similarly available for reproduction, but must be attributed to their sources.