Intro to Business – 10/08/09

I.  Bellwork
A.  P 58 Figure 3.4
1.  Which currency is worth the most in dollars based upon the chart?
1.  Which currency is worth the least in dollars based upon the chart?

II. Objectives

· Describe the components of the international business environment

· Identify examples of formal trade barriers

· Explain actions to encourage international trade

III. Notebook Work:

• Read/Discuss/Outine

I. 3-2 International Business Environment pgs. 60-64
A. Geography -explain
B. Cultural Influences- explain
C. Economic development – explain
1. Key factors

a)

b)

c)

d)

D. Political & Legal Concerns -explain

II. International Trade Barriers – explain

A. Quotes – Explain

B. Tariffs – Explain

C. Embargoes – Explain

III. Encouraging International Trade -Why?

A. Free Trade Zones- explain

B. Free Trade Agreements – explain

C. Common Markets – explain

IV. Classwork:
A.  3 CheckPoint Questions
B.  Pg 59 1-3

C.  Definitions

Intro to Business F2009