About This Chapter
FTCE Business: International Business - Chapter Summary
During this chapter, you will learn the definitions and strategies for cross-cultural communication. The following concepts are covered through our video lessons:
- Trade barriers
- Globalization and organization structure and behavior
- Teams in a global setting
- International marketing mix
- Local economies
- International regulations
The FTCE Business: International Business chapter also covers cultural, political, legal and economic factors. We offer our training through video lessons and transcripts that are short and easy to understand. Supplementary quizzes are also provided for students looking for immediate feedback based on their understanding of business law concepts. You can use your quiz results to determine if you're ready to answer international business questions on the FTCE Business Education test.
FTCE Business: International Business Objectives
The FTCE Business Education test's international business objectives include:
- Knowing international business communication strategies
- Understanding how international business affects local economies
- Knowing how to identify international government regulation consequences
- Identifying the different factors that alter and define international business environments
These types of questions make up five percent of this test's 120 multiple-choice questions. You will need to take this test at an authorized computer-based testing site, as well as earn a scaled score of at least 200 within the test's 150-minute time limit to pass. By passing the FTCE Business Education test and earning a bachelor's degree, you may be eligible to earn the Florida Board of Education's Temporary Certificate. The Professional Certificate can be earned through the Florida Board of Education by also passing the professional preparation and education competency test and the general knowledge test.
1. Managerial Functions in the International Organization
Every manager focuses on five different aspects of management. These aspects are common knowledge and when used together, they help to create an effective manager. This lesson will address those areas and integrate them into international business.
2. Globalization and Organizational Structure
Organizational structure can be influenced by many different aspects of globalization. In this lesson, we will explore organizational structure and the impact globalization can have on it.
3. Globalization and Organizational Behavior
As the world around us gets smaller, globalization will be in more areas and impact organizations. Organizational behavior is impacted by globalization and in this lesson we will discuss that aspect.
4. How Emotions Differ Across Cultures
Every country and culture expresses emotions in different ways. This is a constantly growing issue for international organizations. In this lesson, we will describe some of these differences.
5. Cross-Cultural Communication: Definition, Strategies & Examples
Cross-cultural communication is imperative for companies that have a diverse workforce and participate in the global economy. It is important for employees to understand the factors that are part of an effective, diverse workforce.
6. How Teams Differ in a Global Setting
Different cultures view teams, or teaming, very differently. Those perspectives are compounded when there are multicultural teams present. This lesson will look at this issue in more detail.
7. Group Status, Social Loafing & Diversity in Global Groups
Group status changes depending on culture, and as groups become more diverse, different perspectives and opinions will arise. In this lesson, we will address the issues of culture as it relates to group status, social loafing, and diversity.
8. International External Marketing: Culture, Economics, Tech & More
International marketing plans have a specific marketing mix that will differ tremendously from the domestic version. Marketing managers have to take into account a country's economic, technological, logistical, and sociocultural differences in order to successfully target an overseas market.
9. International Marketing Mix and the 4 Ps of Marketing
In this lesson, we will discuss how to adjust the marketing mix when pursuing an international market. Additionally, the Internet's impact on the marketing mix will be discussed.
10. Technology's Impact on Marketing and Marketers
How does technology impact marketing and marketers? In this lesson, you will gain a better understanding of technology, marketing and marketers and of how each one impacts the other.
11. Breaking Into Foreign Markets: International Marketing Strategies
Companies look to international markets to increase their sales and profits. Market managers must decide on the mode of entry into a foreign market. The options, ranging from least to most risky, are exporting, licensing, franchising, contract manufacturing, joint ventures and direct investments.
12. How Currency Changes Affect Imports and Exports
Learn about how currency changes can affect imports and exports. Find out how this affects you. Discover what happens when a dollar is strong compared to other currencies and what happens when it is weak.
13. Balance of Payments with Financial Accounts: Measuring Foreign Trade
Learn about the balance of payments and the two key components that make it up. Discover what the financial/capital account is and how it relates to foreign trade and surpluses and deficits.
14. Globalization and Organizational Culture
Culture influences almost every aspect of an organization. Globalization is one of the forces that influences organizational culture, and in this lesson we will talk about just how globalization impacts organizational culture.
15. International Trade Regulations & Restrictions
Importing and exporting are vital elements to a healthy U.S. economy. Businesses should be familiar with international laws regarding trade. This lesson defines imports and exports and discusses international trade regulations and restrictions.
16. 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.
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Other chapters within the FTCE Business Education 6-12 (051): Test Practice & Study Guide course
- FTCE Business: Information & Technological Systems
- FTCE Business: Business Communication
- FTCE Business: Accounting
- FTCE Business: Business Management: Functions
- FTCE Business: Business Management: Leadership
- FTCE Business: Business Management: Motivation
- FTCE Business: Business Management: Groups & Teams
- FTCE Business: Business Management: Human Resources
- FTCE Business: Business Management: Organizational Structure
- FTCE Business: Business Management: Finance
- FTCE Business: Business Management: Marketing
- FTCE Business: Business Management: Entrepreneurship & Starting a Business
- FTCE Business: Financial Management
- FTCE Business: Customer Service
- FTCE Business: Business Law
- FTCE Business: Teaching Business: Foundations & Methods
- FTCE Business Education 6-12 Flashcards