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Overview, Learning Objectives, Class Preparation

CHAPTER 11-Global Business

OVERVIEW

The importance of global to small business is emphasized in this chapter. International trade represents exciting opportunities for many entrepreneurs in many lines of business. Even modest attempts at exploiting overseas markets require careful analysis and planning. This chapter explores the risks and rewards of international trade and describes various sources of assistance available to the entrepreneur who chooses to engage in it.

LEARNING OBJECTIVES

    • Small firms should consider exporting and importing.
    • A range of approaches may be used to enter foreign markets.
    • There are widely accepted procedures for reducing the risk of doing business with an individual or firm in another country.
    • A wide range of government programs to assist entrepreneurs in exporting is available.
 

Format for Discussion Questions: Typed, (Question in bold) followed by your answer. May be submitted in class paper copy, email, or Blackboard.

Classprep:

READ CHAPTER 11 and answer Discussion Questions 2,3

Be prepared to discuss your answers in class.

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