LAC 28:LXVII.509. International Business

A. International Business. Since business is conducted in a local, state, national, and international marketplace, students must understand how social, cultural, political, legal, and economic factors impact the business environment. B. Benchmarks 1. *Explain the role of international business and analyze its impact on careers and doing business at the local, state, national, and international levels. 2. Apply communication strategies necessary and appropriate for effective and profitable international business relations. 3. Describe the social, cultural, political, legal, and economic factors that shape and impact the international business environment. 4. Describe the environmental factors that define what is considered ethical business behavior. 5. Explain the role, importance, and concepts of international finance and risk management. 6. *Discuss special challenges in the operations and management of human resources in international business. 7. Apply marketing concepts to international business. 8. *Relate balance of trade concepts to the import/export process. 9. Identify forms of business ownership and entrepreneurial opportunities available in international business.