International business canadian perspective
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International Business: Canadian Perspective PowerPoint PPT Presentation


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International Business: Canadian Perspective. International Trade Definitions. Import A good/service brought into a country for sale Export A good/service produced in one country and sold in another Trade Deficit When a country pays more for imports than it earns from selling exports

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International Business: Canadian Perspective

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International business canadian perspective

International Business: Canadian Perspective


International trade definitions

International Trade Definitions

  • Import

    • A good/service brought into a country for sale

  • Export

    • A good/service produced in one country and sold in another

  • Trade Deficit

    • When a country pays more for imports than it earns from selling exports

  • Trade Surplus

    • When a country earns more from selling exports than it pays for imports


Barriers to international business

Barriers to International Business

  • Tariffs

    • A tax on certain goods being imported into a country

  • Standards of Quality

    • Government sets rules about the quality of goods sold in Canada.

    • High standards means producers pay higher costs to make better products


Barriers

Barriers

  • Cost of Shipping

    • Doing business around the world means shipping products around the world

    • Shipping costs money

  • Currency Exchange Rates

    • $100 US is worth $99.23 Canadian today, but tomorrow that could change

    • Businesses can lose money based on changes in exchange rate


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