Title: Opportunities in Global Trade (12056-I)

Demonstrating Personal Qualities and Abilities
  Demonstrate creativity and innovation.
  Demonstrate critical thinking and problem solving.
  Demonstrate initiative and self-direction.
  Demonstrate integrity.
  Demonstrate work ethic.
  WorkplaceReadinessSkillsPoster2019.pdf
Demonstrating Interpersonal Skills
  Demonstrate conflict-resolution skills.
  Demonstrate listening and speaking skills.
  Demonstrate respect for diversity.
  Demonstrate customer service skills.
  Collaborate with team members.
Demonstrating Professional Competencies
  Demonstrate big-picture thinking.
  Demonstrate career- and life-management skills.
  Demonstrate continuous learning and adaptability.
  Manage time and resources.
  Demonstrate information-literacy skills.
  Demonstrate an understanding of information security.
  Maintain working knowledge of current information-technology (IT) systems.
  Demonstrate proficiency with technologies, tools, and machines common to a specific occupation.
  Apply mathematical skills to job-specific tasks.
  Demonstrate professionalism.
  Demonstrate reading and writing skills.
  Demonstrate workplace safety.
Examining All Aspects of an Industry
  Examine aspects of planning within an industry/organization.
  Examine aspects of management within an industry/organization.
  Examine aspects of financial responsibility within an industry/organization.
  Examine technical and production skills required of workers within an industry/organization.
  Examine principles of technology that underlie an industry/organization.
  Examine labor issues related to an industry/organization.
  Examine community issues related to an industry/organization.
  Examine health, safety, and environmental issues related to an industry/organization.
Addressing Elements of Student Life
  Identify the purposes and goals of the student organization.
  Explain the benefits and responsibilities of membership in the student organization as a student and in professional/civic organizations as an adult.
  Demonstrate leadership skills through participation in student organization activities, such as meetings, programs, and projects.
  Identify Internet safety issues and procedures for complying with acceptable use standards.
Exploring Work-Based Learning
  Identify the types of work-based learning (WBL) opportunities.
  (Optional) Reflect on lessons learned during the WBL experience.
  Explore career opportunities related to the WBL experience.
  (Optional) Participate in a WBL experience, when appropriate.
Understanding the Nature of Global Marketing and Commerce
  Distinguish between the terms global marketing and international trade.
  Explain the concept of globalization.
  Explain the role and importance of marketing in global trade.
  Explain the global mindset and its role in preparing one for trading across cultures.
  Identify the major global markets, including mature and emerging markets.
Examining Virginia's Role in Global Trade
  Summarize the importance of international trade to Virginia’s economy.
  Describe the services and programs provided by Virginia and federal agencies and organizations that facilitate global trade.
  Explain the value of Virginia's infrastructure to global trade.
  Identify foreign direct investment’s role in Virginia’s economy.
Understanding Marketing Concepts and Strategies in the Global Marketplace
  Describe the marketing mix and functions in relation to the global market.
  Describe market analysis in the global environment.
  Explain the components of the international trading environment.
  Describe the process for identifying global markets through market segmentation and product differentiation.
  List factors that affect international business competition.
  Examine trends that influence global trade opportunities.
  Identify the key components of an international marketing plan.
Exploring the Realities and Fluctuations of the Global Economy
  Describe the fundamental challenge of scarcity vs. abundance in the global economy.
  Explain supply and demand as related to the global marketplace.
  Explain how the factors of production affect a nation’s ability to trade globally.
  Analyze the outside influences that may have an impact on a country’s global trade opportunities and threats.
  (Optional) Define economics.
  (Optional) Explain the importance of the economic decision-making process.
  (Optional) Describe the major economic systems.
  Explain the economic concepts of balance of trade, absolute advantage, and comparative advantage.
  (Optional) Examine economic factors that describe the economic well-being of a country.
  (Optional) Describe the characteristics of each phase of the business cycle.
Examining Global Trade Challenges
  Identify major challenges to the United States as an importing and exporting nation.
  Examine the concept of trade barriers and sanctions.
  Describe the implications of conducting business in countries with different legal systems.
  Examine the major current challenges in global trade.
  Describe current and emerging economic, political, and environmental challenges and trends throughout the world and their implications for global trade and investments.
  Explain free-trade agreements.
Analyzing the Influence of Culture on Business Activities
  Identify communication challenges in global trade.
  Describe how culture affects consumer needs and wants.
  Explain how differences in culture influence international business dealings.
Understanding Promotion in the International Marketing Plan
  Describe the elements of the promotional mix and how they are used to persuade international customers.
  Examine why promotion must be sensitive to local customs and laws.
  Describe the role of relationship building in effective selling.
Understanding Distribution in the International Marketing Plan
  Examine product/service distribution strategies for reaching consumers in the global marketplace.
  Describe the impact of e-commerce on distribution strategies for global trade.
  Describe the shipping requirements for international distribution.
Understanding Price and Payments in the International Marketing Plan
  Explain terms of sale and how the cost of logistics affects selling price.
  Explain Incoterms and their effect on pricing.
  Explain the roles of international banking and finance in global trade.
  Identify the uses of money, currencies, and foreign exchange.
  Explain the concept and importance of exchange rates.
  Calculate exchange rate conversions.
Examining Structures of International Business Organizations
  Explain various structures of international business organizations.
  Describe the activities, characteristics, and concerns of multinational companies.
  Explain different methods for starting an international business.
Exploring Careers in Global Marketing
  Research postsecondary educational opportunities related to global marketing.
  Research skillsets and knowledge international companies look for in prospective employees.
  Identify potential entry-level and advanced-level occupations related to the global marketplace.
  Identify employment barriers for nontraditional groups and ways to overcome the barriers.
  Explain the importance of ongoing professional development.
  (Optional) Evaluate self-employment as a career option.
  Develop a résumé.
  Identify steps to prepare for a job interview and follow-up.
ADDITIONAL COURSE INFORMATION
  8135 Student Competency Record Copyright 2023.xlsx
  8135 Standards Correlations.pdf
  Acknowledgments and Copyright Information