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Ch 4: Business in Global Markets: Help and Review

About This Chapter

The Business in Global Markets chapter of this College-Level Introduction to Business Help and Review course is the simplest way to master business in global markets. This chapter uses simple and fun videos that are about five minutes long, plus lesson quizzes and a chapter exam to ensure students learn the essentials of business in global markets.

Who's it for?

Anyone who needs help learning or mastering college-level business material will benefit from taking this course. There is no faster or easier way to learn college-level business. Among those who would benefit are:

  • Students who have fallen behind in understanding strategies for reaching global markets or working with regional integration
  • Students who struggle with learning disabilities or learning differences, including autism and ADHD
  • Students who prefer multiple ways of learning business topics (visual or auditory)
  • Students who have missed class time and need to catch up
  • Students who need an efficient way to learn about business in global markets
  • Students who struggle to understand their teachers
  • Students who attend schools without extra business learning resources

How it works:

  • Find videos in our course that cover what you need to learn or review.
  • Press play and watch the video lesson.
  • Refer to the video transcripts to reinforce your learning.
  • Test your understanding of each lesson with short quizzes.
  • Verify you're ready by completing the Business in Global Markets chapter exam.

Why it works:

  • Study Efficiently: Skip what you know, review what you don't.
  • Retain What You Learn: Engaging animations and real-life examples make topics easy to grasp.
  • Be Ready on Test Day: Use the Business in Global Markets chapter exam to be prepared.
  • Get Extra Support: Ask our subject-matter experts any global business markets question. They're here to help!
  • Study With Flexibility: Watch videos on any web-ready device.

Students will review:

This chapter helps students review the concepts in a Business in Global Markets unit of a standard college-level introduction to business course. Topics covered include:

  • Importing and exporting in a global market
  • Forces that affect trade in global markets
  • Hofstede's cultural dimensions theory
  • Advantages and disadvantages of trade protectionism
  • Characteristics of the international manager in global organizations

12 Lessons in Chapter 4: Business in Global Markets: Help and Review
The Importance of the Global Market and Global Trade: Role & Advantages

1. The Importance of the Global Market and Global Trade: Role & Advantages

We all need resources, products and service to live and thrive. Sometimes these things are not readily available locally. In this lesson, you'll learn about the importance of international trade and globalization in fulfilling our needs and wants.

Importing and Exporting in a Global Market: Definition, Process & Importance

2. Importing and Exporting in a Global Market: Definition, Process & Importance

The lifeblood of the global market is trade. In this lesson, you'll learn about the importance of importing and exporting and related concepts including trade deficits, balance of payments, and formal and informal barriers to trade.

Strategies for Reaching Global Markets: Examples & Types

3. Strategies for Reaching Global Markets: Examples & Types

In 2013, the global market had over seven billion potential consumers with needs and wants to be fulfilled. In this lesson, you'll learn about strategies businesses can use to tap this immense market.

Forces that Affect Trade in Global Markets

4. Forces that Affect Trade in Global Markets

The global marketplace is diverse. While diversity provides opportunity, it also provides challenges. In this lesson, you'll learn about the forces that affect trade in the global market. You'll also have a chance to take a short quiz after the lesson.

The Changing Landscape of the Global Market

5. The Changing Landscape of the Global Market

The global market is still developing, and a market that is developing is dynamic. The constant change offers opportunities and presents risks to countries and their domestic industries. In this lesson, you'll learn about some of these risks and opportunities.

Political Environment in International Business: Definition, Factors & Impact

6. Political Environment in International Business: Definition, Factors & Impact

Governments and politics play a large role in international business. In this lesson, you'll learn about the political environment in international business, some of its key factors, and its impact. A short quiz follows.

What is Globalization? - Definition, Effects & Examples

7. What is Globalization? - Definition, Effects & Examples

Globalization is an emerging trend in business. Here you will learn the definition of globalization, examine its positive and negative effects, and be presented with real examples of globalization in the twenty-first century.

Cartel: Definition & Economics

8. Cartel: Definition & Economics

What affects the prices of goods and services? How does this affect the consumer? This lesson discusses the impact of corporate relationships known as cartels and their economic influence on consumers.

Hofstede's Cultural Dimensions Theory

9. Hofstede's Cultural Dimensions Theory

Dimensions of culture are an important aspect of international business. Knowing how cultures view different aspects of business can help a manager navigate through the international business market.

Regional Integration: Definition, Influence & Purpose

10. Regional Integration: Definition, Influence & Purpose

Regional integration is when a group of countries get together and develop a formal agreement regarding how they will conduct trade with each other. There are many different levels of involvement, and in this lesson, we will review the types and how a manager should understand and match them to his or her company's international needs.

Advantages and Disadvantages of Trade Protectionism

11. Advantages and Disadvantages of Trade Protectionism

Countries want to win the game of international trade by exporting more than they import. Some countries pursue trade protectionism to do this. In this lesson, you'll learn about the advantages and disadvantages of this strategy and related concepts.

Characteristics of the International Manager in Global Organizations

12. Characteristics of the International Manager in Global Organizations

Managers need to be able to plan, control, organize, and lead their companies and departments. When we look at international business, there are some additional aspects that come into play for a manager to be successful.

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Other Chapters

Other chapters within the Intro to Business: Help and Review course

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