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Dec 26, 2024
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BUS 245 - International Business
Credits: 3
3 Lecture Hours
Description
This course introduces students to the international business environment. The differences in conducting business in various countries around the world are examined. Topics explored include international finance and currency exchange rates, marketing strategies in multilingual environments and management of a diverse body of employees.
Learning Outcomes
Upon successful completion of the course, the student will:
- Compare and contrast the difference between domestic and international business practices.
- Evaluate financial, political, legal and other risks in conducting international business.
- Explain the cultural, social, religious and language implications involved in international business.
- Analyze the impact of trade agreements on business practices.
- Develop marketing strategies for multilingual environments.
Listed Topics
- Domestic and international business
- International finance including the currency exchange rate
- The World Bank and the International Monetary Fund
- Host country, home country and third country relations
- Legal aspects of marketing products in different countries
- Differences in employees from different countries
- Multilingual business transactions
- Overseas management and repatriation
- World sourcing and collaboration of multinational firms
- Political risk
- The impact of the triad on business in the world
- The European Union and its impact on world trade
- The Pacific Rim and its impact
- South America and Africa and their impact
- U.S.-Mexico-Canada agreement (USMCA)
- The infrastructure problems and tax change in the international market
- Unique logistical challenges in international business
Reference Materials
Current textbook and supplementary materials such as study guides, videos, handouts and library resources
Students who successfully complete this course acquire general knowledge, skills and abilities that align with CCAC’s definition of an educated person. Specifically, this course fulfills these General Education Goals: - Culture Society & Citizenship
Approved By: Dr. Quintin B. Bullock Date Approved: 2/18/2022
Last Reviewed: 2/18/2022
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