To prepare students for entry level jobs and/or additional education in business industry.
Benchmark 1
The Scope of International Business
Indicator 1
Indentify by name and place major countries of the world.
Indicator 2
Identify resources that are abundant or in short supply in the various countries throughout the world
Indicator 3
Identify examples of goods or services that are exported from kansas and the countries to which they are transported.
Indicator 4
Identify examples of goods or services that are used in Kansas that are imported from another country and the countries from which they are imported.
Indicator 5
Describe the functions performed by businesses involved in international trade.
Indicator 6
Discuss different economic systems (market, command, and traditional) and their impact on international trade.
Indicator 7
Analyze different retailing strategies in the global marketplace (e.g., hypermarkets, discounters, supermarkets, superstores, mass merchandisers)
Indicator 8
Describe how culture may affect consumer needs and wants.
Indicator 9
Analyze business customs and protocol in dealing with people from other countries: i.e. gift giving, business cards and business entertainment
Indicator 10
Investigate how business introductions and working relationships differ around the world
Indicator 11
Identify how business meetings are conducted throughout the world
Indicator 12
Describe the impact of religious beliefs on international business activities
Benchmark 2
Foreign Trade
Indicator 1
Describe the flow of products and services in the global marketplace
Indicator 2
Identify incentives frequently offered by a host country to encourage investment
Indicator 3
Explain absolute advantage and how it influences trade among regions and nations
Indicator 4
Explain comparative advantage and how it influences trade among regions and nations
Indicator 5
Analyze strategies for expansion into international markets
Indicator 6
Identify international markets through market segmentation
Indicator 7
Select a favorable location for a specific international business
Indicator 8
Describe the relationship between effective public relations and business success in host countries
Indicator 9
Determine the market for a foreign product in the U.S.
Benchmark 3
Transportation and Insurance
Indicator 1
Identify major types of distribution channels used in foreign trade
Indicator 2
Compare by mode and type of carrier the economics of different shipping methods used in foreign trade
Indicator 3
Select the best channel or combination of channels for different product types
Indicator 4
Describe the role of freight forwarders
Indicator 5
Explain types of documentation required for selected shipments
Indicator 6
Determine special packaging requirements for foreign markets
Indicator 7
Describe how and why nations restrict the free flow of goods and services into and out of their economy
Indicator 8
Identify and evaluate major types of insurance coverage
Benchmark 4
Financial Aspects
Indicator 1
Determine the costs and benefits of international trade on the domestic economy
Indicator 2
Describe the ways banks assist exporters and importers
Indicator 3
Examine the role of various financial institutions (e.g., the World Bank, Export/Import Bank, and International Monetary Fund) in international trade administration
Indicator 4
Explain foreign exchange rates and why the value of currency changes
Indicator 5
Calculate the exchange rate conversions
Indicator 6
Explain the advantages and disadvantages of accepting payments in host country currency
Indicator 7
Describe the components that make up the balance of payments between two nations.
Indicator 8
Describe accepted practices for payment and other terms of sale in selected host countries (e.g., INCOTERMS)
Benchmark 5
U.S. Customs Procedures
Indicator 1
Describe the U.S. customs service
Indicator 2
Describe the role of a customs broker
Indicator 3
Outline procedure flow of information and events involved in clearing products
Indicator 4
Determine legal documentation for imports/exports
Indicator 5
Describe the implications of conducting business in countries with different legal systems involved in clearing imports
Benchmark 6
International Organizations
Indicator 1
Examine the role of national and international organizations and agencies in international trade, such as General Agreement on Tariffs and Trade/World Trade Organization (GATT/WTO), European Union (EU), North American Free Trade Agreement (NAFTA), International Trade Association (ITA), and Japan External Trade Organization (JETO)
Indicator 2
Explain major areas of conflict relating to intellectual property rights (e.g., copyrights, trademarks, brand names)
Benchmark 7
Government Regulations and Foreign Trade
Indicator 1
Describe the effects of a policy of protectionism vs. free trade on international business activity
Indicator 2
Assess the inter-relationship of politics, governments, and international trade
Indicator 3
Explain the advantages and disadvantages of free trade agreements between and among nations.
Benchmark 8
Current Developments Affecting Foreign Trade
Indicator 1
Evaluate the international economic impact of e-commerce through an analysis of: historical data, growth statistics, financial data, and usage projections
Indicator 2
Investigate new developments in electronic data interchange and their effects
Indicator 3
Describe the effect of e-commerce on international tariff and tax regulations.
Indicator 4
Cite the relevant elements of a valid electronic contract (including electronic signatures)
Indicator 5
Cite recent laws concerning domain name usage and trademarks
Indicator 6
Analyze potential e-commerce infringements with respect to use and re-use of personal data
Indicator 7
Describe/utilize electronic cash systems
Indicator 8
Compare/contrast traditional marketing techniques with current e-commerce strategies
Indicator 9
Describe current advertising strategies related to international e-commerce
Indicator 10
Analyze the impact of the "new" single Western European Market
Indicator 11
Analyze the "Buy America" campaign promoting the purchase of American-made products and services
Indicator 12
Predict new opportunities for American business in Eastern Europe
Indicator 13
Discuss the impact of current events on international business
Benchmark 9
Career in International Business
Indicator 1
Identify potential entry-level and advanced-level occupations related to the global marketplace
Indicator 2
Research educational opportunities related to international marketing
Indicator 3
Explore opportunities for applying skills in international marketing (e.g., foreign internship programs, foreign travel)
Indicator 4
Identify credentials needed for international employment in a variety of countries
Indicator 5
Examine the employment process to use when pursuing an international career
Indicator 6
Examine franchising opportunities around the world
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