SOCIAL AND ETHICAL, ECONOMIC, AND INTERNATIONAL ENVIRONMENT OF BUSINESS NAME: MOD. DATE GIVEN: DATE DUE:

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1 CHAPTER SOCIAL AND ETHICAL, ECONOMIC, AND INTERNATIONAL ENVIRONMENT OF BUSINESS OBJECTIVES : Explain the social, ethical, economic, and international problems we must encounter and define solutions for as well as attack environmental issues facing us. NBEA STANDARDS: I. Management Functions: Analyze the management functions and their implementation and integration within the business environment. II. Management Theories: Analyze management theories and their application within the business environment. III. Business Organization: Analyze the organization of a business. NAME: MOD. DATE GIVEN: DATE DUE: GROWTH HISPANIC WORKPLACE CHANGES MUSLIMS BABY BOOMERS BABY BUSTERS CHAPTER 2 How fact is the U.S. population growing per year? What is the estimated Hispanic population by 2050? people or % of the U.S. population. What changes are visible in business practices? 1)Increase in. examples: 2)Increasing number of. 3)Increase in number of. 4) will be a minority if growth among / continues. What are some accommodations that have been made in the workplace for the growing number of Muslims in America? (estimates of million. 1)_ 2)_ 3 Aging post-war generation that accounts for 30% of the U.S. population. Baby busters are called this because of the decline in the birth rates and account for 13% of the U.S. population Why is the chart signification with regard to retirement of boomers and social security? ETHNIC CHANGES 1) is not a required language. 2)Newspapers and magazines publish editions. 3)TV stations are now in. 4) turn attention to for election. TRANSIENT. Every year, out of every households will change their address. Partly due to such as.

2 LABOR FORCE LABOR PARTICIPATION RATE POVERTY DECREASING POVERTY TITLE VII GLASS CEILING STICKY FLOOR SYNDROME COMPARABLE WORTH defined as people age or over who are for work, whether or Labor force as of January 2009 defined as of the labor force either or employment Labor participation rate as of January 2009 WHY DO YOU THINK THE WOMEN IN WORK FORCE CONTINUES TO GROW? Poverty in the U.S. accounts for 12-17% living below the federal guidelines of $24,200 for a family of four. What are some federal policies in place to decrease poverty. define Title VII of the Civil Rights Act of defined as: defined as: defined as: Is it necessary to have identical job requirements? WHAT DO YOU THINK IS THE ISSUE FOR ? CURRENT TRENDS In an effort to produce more and keep costs down, demands on workers has increased. 1) to meet job requirements, 2) Increase in ; 3) increase in. This in turn has created a hostile working environment with increased stress, few vacations, workplace romances, increase in drugs, violence. SOCIAL defined as: RESPONSIBILITY STAKEHOLDER defined as:

3 ECONOMIC SYSTEMS 1)MARKET ECONOMY CHAPTER 3 way for a county to decide how to use its. THREE TYPES OF ECONOMIC SYSTEMS: and decide,, and goods will be produced. Free enterprise system based on and Characteristics: 1) 2) Country with Market Economy: 2)COMMAND ECONOMY decides what, how, and for whom goods will be produced. Characteristic: Country with Command Economy: 3)MIXED ECONOMY PRIVATIZATION 1)CAPITALISM who, what, and how decisions are made by and while others are made by. Do most countries have a mixed economy? because example: U.S. government controls. When a country or state ex: Should health care by privatized or government run? Should there be universal health care? Should the post office be privatized? U.S. postal service for first quarter (October 1 - December 31, 2008) with a $384 million loss. Considering raising cost of stamps, cutting deliveries to five days a week; reduction in workforce through attrition/retirement. TYPES OF ECONOMIC-POLITICAL SYSTEMS country: are free to go into business for themselves to produce. Types of government intervention: 2) SOCIALISM country. controls and regulates means of production. 3) COMMUNISM country where all or almost all productive resources of nation are. in short supply because government needs are taken care of first.

4 CAPITALISM 1) Right to FUNDAMENTALS 2) Right to Formula for profit? 3) Right to DEMAND : SUPPLY COMPETITION IF SUPPLY OUTPACES DEMAND, WHAT HAPPENS TO PRICE? IF DEMAND OUTPACES SUPPLY, WHAT HAPPENS TO PRICE? MARKET PRICE defined as: COMPETITION PRICE COMPETITION NONPRICE COMPETITION MONOPOLY INCOME DISTRIBUTION ECONOMIC GROWTH 1)CPI insures what four things: 1) 2) 3) 4) Motive behind all business is profit. Firm takes business away from its competition by. Attracting customers away from its competitors by providing. is lacking for a or. or controls supply and price of goods or services. Share of an individual receives is determined by the amount of that person has to purchase goods and services. Country s exceeds. Ways to increase economic growth? 1)Increase number of people in 2)Increase of work force 3)Increase supply of 4)Improve 5)Improve 6)Increase sale of goods and services to 7)Decrease of foreign goods and services. MEASURING ECONOMIC GROWTH which measures change in or bought by people at level.

5 2)GDP measures how things are going at. How many quarters of negative growth to declare a recession? 3)INDEX OF LEADING Outlook of strength for next ECONOMIC INDICATORS Based on and events. 4)EMPLOYMENT 5)RETAIL SALES 6)PERSONAL INCOME CONSUMPTION 1)RECESSION 2)INFLATION 3)DEFLATION Measure of. Amount of and sold by stores within various regions of the country. Consumer spending or bigger. ECONOMIC PROBLEMS High, low Rising because in production of new goods. production to get in line with. GDP growth for or more quarters. Demand, supply for goods/services Decline in - costs higher Wages go to keep up with. Decrease in general level of. Occurs during or Wages, Overtime, prices of goods. Consumer has spendable money 4) DEPRESSION Deepened. Prolonged period of unemployment, sales of goods and services, and business. drop in GDP. BUSINESS CYCLE PRODUCT CYCLE EXPLANSION/INTRODUCTION PEAK/GROWTH CONTRACTION/MATURITY TOUGH/DECLINE

6 CHAPTER 4 INTERNATIONAL BUSINESS Business activity that occurs between. Reasons for entering international trade: MULTINATIONAL FIRM Businesses that or production or service facilities the country in which based. ex: HOME COUNTRY PARENT COMPANY HOST COUNTRY SUBSIDIARIES COMPARATIVE ADVANTAGE EXPORT EXPORTING IMPORTS IMPORTING BALANCE OF TRADE DEFICIT BALANCE OF TRADE SURPLUS Country that multinational corporation. ex: Business that and operations of another by ownership or controlling a. ex: country hosting multinational corporation. Decisions must be made in terms of host country ex: of a company that operates under the control of a which may have majority of. Country should in of goods and services for that they can produce more than any other country based upon which it can access and use most. ex: Goods we and send. When a country sells its goods and services. Goods from that are sent. goods and services made in a. More money country than. More money country than.

7 BALANCE OF TRADE Total and of goods and services as well as in and out of a country. How is it determined? Using chart in PP, goods exported in November 2008: Goods imported in November 2008 Trade surplus or trade deficit? Why? INTERNATIONAL TRADE TERMS FREE TRADE TARIFF NON-TARIFF BARRIERS QUOTAS DUMPING EMBARGO SANCTIONS Trade between countries which takes place completely. on goods to protect or. ex: Trade barriers that restrict but in the form of and. If product does not meet given requirements, it will face. on or of goods permitted to enter a country to protect. ex: Selling goods on a market at prices what it charges its. trade with a country-- or from these countries. ex: Lighter form of embargo--used to keep goods out that can create while still allowing goods such as that are needed by general population. country examples: INTERNATIONAL AGREEMENTS TREATIES WTO IMF Business reached or. World Trade Organization replaced as worlds global body in Purpose: 1)Encourages among states by and tariffs on traded goods; 2) Provides a framework for between countries; 3) Governs ; 4) Most leading nations belong. Membership: countries. set up to help countries with and to replay loans or pay imports

Bank loans are to help increase and to improve for people in these developing countries. PTA favor trade among nations and ensure economic growth and benefit of participating countries.

8 WORLD BANK TRADING BLOCS CAREERS Contributed to by most countries of the world (180.) Role is to reduce by lending money to the governments of developing countries and to countries with economies in transition. Bank loans are to help increase and to improve for people in these developing countries. PTA favor trade among nations and ensure economic growth and benefit of participating countries. Account for what percent of world trade? List the five main trading blocs: Why would a parent company send American employees/managers over to a host country to work in one of its subsidiaries instead of hiring foreign? 1) 2) 3) What kinds of problems arise from sending Americans abroad to run foreign companies? 1) 2) 3) 4) FOREIGN NATIONALS Individuals who are citizen of. Hired because: 1)Offer higher degree of 2)Have 3)Experience in or knowledge of a foreign country in which U.s. may have 4)Used to fill in oversees companies. Trained here, returned home.

SOCIAL, ETHICAL, ECONOMIC, AND INTERNATIONAL ENVIRONMENT OF BUSINESS Chapters 2-3-4

SOCIAL, ETHICAL, ECONOMIC, AND INTERNATIONAL ENVIRONMENT OF BUSINESS Chapters 2-3-4 U.S. 305,704,154 World 6,756,907,578 01:56 GMT (EST+5) Jan 29, 2009 Other companies have also revised their policies