About This Chapter
International Business Strategies - Chapter Summary
Learn how factors like geography, infrastructure, law and economics affect international business with this chapter's video lessons. You can also learn about current international business trends. Lessons cover the following:
- International marketing
- Hofstede's cultural dimensions theory
- Global business environments
- International business treaties
- Sovereign immunity
- Import and export trade alliances
- International trade regulations
- Trade deficit and surplus
- Tariffs and quotas
- Regional integration
This international business chapter includes brief instructional videos and self-guided quizzes that allow you to chart your progress as you make your way through the study guide. If you'd like to access material in a written format, there are also transcripts with links to supplementary text lessons that outline key terms.
1. International Marketing: The Importance of Global Marketing Strategy
Companies cannot just concentrate on domestic markets if they are to remain competitive. Global marketing allows marketing managers to look for growing target markets and product opportunities overseas.
2. 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.
3. Treaties Under Article II of the U.S. Constitution
Treaties are an important part of international law. A treaty is a legally binding agreement made between two or more government entities. This lesson explains the difference between bilateral and multilateral treaties.
4. Sovereign Immunity: Definition, Act and Waivers
The Foreign Sovereign Immunities Act places limitations on lawsuits that involve foreign sovereign nations. This lesson explores the Foreign Sovereign Immunities Act and explains when immunity is applicable.
5. 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.
6. Achieving Trade Balance: Trade Deficit and Surplus Examples
Find out what trade balance, trade deficit, and trade surplus are. Learn about some recent examples that help clarify trade deficit and surplus. Explore what countries have a surplus and what countries have a deficit.
7. Tariffs and Quotas: Effects on Imported Goods and Domestic Prices
Explore what tariffs and quotas are and what effect they can have on the supply of imported goods. Find out how these two economic tactics can influence the prices you pay for many of the everyday items you may purchase.
8. 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.
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Other chapters within the High School Business for Teachers: Help & Review course
- Fundamental Concepts in Accounting
- Recording & Planning in Accounting
- Accounting Analysis & Evaluation
- Economic Activities & Markets
- Business Markets & Globalization
- Banking & the Federal Reserve
- Business Types & Planning
- Entrepreneurship & Start-Ups
- Basics of Marketing Strategy
- Business Management Functions
- Management Theory for the Business Environment
- Concepts in Human Resource Management
- Resource Management & Training
- Compensation & Performance Review
- Principles of Business Ethics
- Principles of Business Law
- Employment Law Basics
- Verbal Communication in the Workplace
- Written & Electronic Communication
- Presentations and Reporting
- Computer Use in Business
- Information Technology in the Business Environment
- Internet Technologies in Business
- Business Information Privacy and Security