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Course · AL
International Business Concepts
Career and Technical Education, Alabama State Department of Education (ALSDE)
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International Business Concepts is designed to provide an understanding of how and why businesses choose to expand their operations into other countries. This course presents challenges facing firms doing business internationally. The focus of course standards is on the exploration of advantages and disadvantages of conducting business in a global marketplace. Course standards provide opportunities for students to learn about business operations in the global economy.
Participate in a Career and Technical Student Organization (CTSO) to increase knowledge and skills and to enhance leaderDiscuss and demonstrate ways to value diversityDescribe the relationship between globalization and international businessCompare and contrast economic measurements and statistics, including gross domestic product (GDP)Gather and share information on how countries rate according to the Index of Economic FreedomCompare and contrast types of marketing orientation, including production, sales, and customer orientationsGather and share information on how multinational companies increase profitability, citing specific examplesGather, evaluate, and share information on foreign direct investmentGather, evaluate, and share information on collaborative domestic arrangementsAssess how product quality affects the global supply chainExplain the role of inventory management in the global supply chainGather, evaluate, and share information on international business ethics and global corporate ethical behaviorsDescribe the growth of direct marketing, including Internet or e-commerce marketingExplain the different types of trade barriers and their economic effectsExplain the functions of the foreign exchange marketIdentify the major determinants of exchange ratesInterpret accounting standards required by United States stock market regulatorsDescribe how cross-border trade and movement of resources impact national economies