- Course type: Self-paced
- Available Lessons: 58
- Average Lesson Length: 8 min
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Watch a preview:chapter 1 / lesson 1What Is Globalization of Business? - Definition, Impact & Effects
Course SummaryBusiness 205 shows you the basics of international retailing strategy and operations through a collection of engaging lessons and assessments. Access this course to enhance your professional knowledge, study for a business exam, supplement your textbooks or learn just for fun.
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11 chapters in Business 205: International Retailing Strategy & Operations
Course Practice TestCheck your knowledge of this course with a 50-question practice test.
- Comprehensive test covering all topics
- Detailed video explanations for wrong answers
About This Course
In Business 205, you'll learn all about international retailing from experts in the field. This comprehensive course is broken into topical chapters that cover the essentials of business globalization, international market dynamics, international trade theories and policy, world trade organizations, international business strategies and much more.
The course can be used to enhance your academic performance in an international business class, and it can also benefit retailing professionals who need to quickly study these concepts for work. Included in the course are printable lesson transcripts, short quizzes, chapter exams and a final course assessment. We've also made the course available 24/7 so you can review the material whenever you have free time.
|Introduction to Business Globalization||Define globalization; identify the drivers of globalization; describe recent changes in the global economy; identify arguments in the globalization debate; identify managerial challenges and opportunities associated with globalization.|
|International Market Dynamics||Define international markets; identify political, economic and legal differences between U.S. and international markets; describe the changing landscape of the global market.|
|Cultural Differences in Business||Define culture; identify sources for culture differences, including social, language, religious and ethical sources; use Hofstede's cultural dimensions theory to describe how cultural differences impact business, workplaces and economies.|
|International Trade Theories||Recognize the purpose and benefits of trade; summarize international trade theories; describe the potential impact of unrestricted free trade; explain how government can impact national competitive advantage in certain industries.|
|International Trade Policy||Identify and describe tools and policies that governments use to impact international trade, including tariffs, quotas, administrative policies, subsidies, export restraints, antidumping duties and local content requirements; recognize the political and economic reasons for government interventions in international trade; analyze arguments for and against strategic trade policy.|
|World Trade Organizations||Outline the development of the world trading system (GATT and WTO); identify current trade issues; explain how world trade developments impact international retailing and management strategy.|
|Strategies for International Business||Define the international business strategy; identify strategies for profiting globally; explain how pressures influence strategic choice; identify strategies for competing in the global market.|
|International Market Entry Strategy||Name key considerations of international expansion; compare and contrast modes of market entry; identify the pros and cons of acquisitions, Greenfield ventures and strategic alliances; explain how international retail market entry strategies are chosen.|
|International Production & Logistics||Describe the impact of production and logistics decisions; identify factors that impact the choice of production location; discuss the role of foreign subsidiaries in production; recognize factors that influence sourcing decisions.|
|International Supply Chain Management & Distribution||Describe coordination requirements for a globally dispersed production system, including inventory control systems and supply chain management technology; explain how distribution systems differ between countries; explain the purpose for distribution strategy variation.|
|International Product, Pricing & Marketing Strategy||Recognize the purpose of varying product, advertising, promotional and pricing strategy from country to country.|
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