International Business Defined
History of Canadian Trade
Globalization
How international business helps & hurts Canadians
100
Manufacturing and/or sale of goods and/or services to satisfy the wants and needs of consumers to make a profit.
What is a business?
100
Who were Canada's first trading partners?
What is the French and the British?
100
A process whereby national or regional economies and cultures have become integrated through new global communication technologies, foreign direct investment, international trade, migration, new forms of transportation, and the flow of money.
What is globalization?
100
True/False: International business helps Canadians by providing a variety of products and new markets and less jobs.
What is false. It helps Canadians by providing new markets and more jobs.
200
An exchange of things of value
What is a transaction?
200
A tax most countries place on foreign imports to increase their price and make the price of domestic goods competitive.
What is a duty or tariff?
200
Reliance of two or more nations on each other for products or services.
What is interdependence?
200
Investment in a company that is located in a different country than the investor to control some or all of the business's operations
What is foreign direct investment?
300

A business that makes most of its transactions within the borders of the country in which it is based. Today it is difficult to be this type of business in Canada as we rely heavily on imports for much of our machinery and products. 

What is a domestic business 

300
The first settlers in Canada were _____________, and they brought _____________ goods and services to Canada.
What is Europe?
300

Globalization, as it is defined today, began after World War 2 , with the establishment of the _____________and the fostering of trade relations between countries.

What is the United Nations?

300

How does international business hurt Canadians by providing a loss of culture/identity?

What is watching American movies-reading American books and living in American culture.

400

The market that consists of all the customers in a country other than your own.

what is a foreign market?

400
The __________ became a manufacturing center sooner than Canada, and relied upon our natural resources for their factories.
What is the U.S?
400

New Technology and Communications means _______,  can now occur in real time using the Internet or cellular communication devices.

What is foreign deals and other business activities?

400

Foreign companies have foreign loyalties, lack of research and development, reduced exports, revenues leave Canada to pay head office costs and economic destabilization.

What are the ways in which foreign ownership hurts Canadians.

500

The 5 ways for a business to be considered an international business would be?

What is (1) own a retail or distribution outlet in another country, (2) own a manufacturing plant in another country, (3) export to businesses in another country, (4) import from businesses in another country, and (5) invest in businesses in another country?

500
High-quality, low-priced goods became a feature of _______________economies after the Second World War, and the Canadian retailers began to import _____________ goods at this time.
What is Asia?
500

The marketplace is becoming increasingly global. How has this affected consumer demand.

What is consumers demand a wide variety of products, as well as low prices and high quality. These demands can only be met by developing foreign markets where labour costs are low. The Internet connects consumers to businesses all over the world, so local businesses now must compete on an international trade.

500

List 5 advantages of international trade

(1) Variety

(2) Lower Prices

(3) Access to Foreign Markets

(4) Access to Foreign Investment

(5) Cultural Development

(6) More Jobs 

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