Title: Analyze the outside influences that may have an impact on a country’s global trade opportunities and threats.
Course: Opportunities in Global Trade (12056-I) > Section: Exploring the Realities and Fluctuations of the Global Economy

Analysis should include

- identifying how individual companies and countries are connected to each other in different ways through global business
- defining factors such as international events and business trends that influence trading relationships
- identifying that the factors that influence the relationships fall into categories: cultural and social, political and legal, geographical, and technological
- identifying external factors that affect global business: social and cultural, political and legal, economic, technology, and financial
- identifying internal issues that affect global business: management and planning, marketing, human resource management, competition, and accounting.

Process/Skill Questions:

- How can a change in a country’s education system or economic philosophy affect international business?
- How can changes in technology and competition influence global business?
- What kind of political events must global companies adjust to?
- How can a natural disaster affect local and global economies?
- How can international events influence trading relationships between two countries?
- What is the importance of understanding a foreign country’s culture when conducting business there?