Principles of Business and Marketing (PBM)

1
Principles of Business and Marketing (PBM)

• Mr. Shultz

2
Todays Objectives and Bell-Ringer

• Bell-Ringer
• List six benefits of World Trade
• List three problems of World Trade
• List three types of trade barriers
• Objectives
• Given news articles, TSW correctly explain the
  impact of emerging economies on the global market
  with no errors. (BUS6115.042)

3
Bell-Ringer

• List six benefits of World Trade
• Increased competition
• Greater variety of goods and services
• Increased tax revenue
• Political alliance with other countries
• Increase in jobs
• Improvement in product quality

4
Bell-Ringer

• List three problems of World Trade
• Increased competition affecting cost of goods and
  services
• Decreased tax revenue from loss of domestic
  manufacturing
• Increased unemployment

5
Bell-Ringer

• List three types of trade barriers
• Quotas
• Tariffs
• Embargoes

6
Class Work

• Go to PBM page
• Read International Trade Creates More and Better
  Jobs article
• Complete Worksheet
• Read What Are Emerging Markets? article
• Complete Worksheet
• Finish Work from previous classes

7
Class Work Summary

• Todays New Work
• Complete World Trade and Korean Films worksheets
• Complete Economic Measures Worksheet and Exercise
• Complete Supply and Demand, iPod shortage, and
  McDonalds Problem worksheets
• Complete FBLA worksheets

8
Principles of Business and Marketing (PBM)

• Mr. Shultz