Lesson 1.2 - International Trade
Learning Goals:
By the end of this lesson you will be able to...
1. Define the basic terminology of international business.
2. Describe the key concepts related to international business and globalization.
3. Explain how the global market has affected consumer demand
4. Identify the types of international businesses.
5. Explain how and why Canada's major international business relationships have evolved over time.Independent Work
- Textbook work (See Chapt 1 and Chapt 2 PDF below)
- Glossary quiz
- Exit Card
- Homework forum post
Also submit Assignment 1 rough copy on the Unit 1 page
- Study the glossary and then do this quiz before class.
Why are domestic businesses becoming rarer?
What are five ways a business can be considered an international business?:
Pick 3 countries from the chapter and explain the trade history those countries had with Canada.:
What are the 7 different types of international businesses? Explain each using your own words and give an example.
`During Class:
1. Would you rather work for a domestic or international business? Why?
2. Name as many international businesses as you can. Pick 1 and explain how it is international.- 1. Review: What's the difference between tariff and import quotas? When do we use which?
2. Thinking: Is a small local convenience store in your neighborhood a domestic or international business? Explain.
3. Application: Pick one of the seven types of international businesses and then give a real-life example and explain. Message which type you want to do in the WeChat group. Each group pick a different type. You can check your homework answers here after doing the exit card.
Do the textbook readings and then do this quiz before class.
Do this quick survey to let the teacher know how to support you in your learning.
