In the Key
Business Terms Table fill in the definitions for all of the
terms. Fill in the Context for Proposed Company column for
only 7 of the terms. Be sure to read the Business Proposal part of
the assignment before chosing the tems to complete. When appropriate
give examples. All work to be in sentence/paragraph form. Use the
link below to get a word document copy of the table. Save it in your
personal directory.
Offshore workers are people working for a company in
another country. For example the people that answer the
phones when you call for help with your computer may be in
India. The reason for this is that in India there is an
educated workforce who speak English and they will work for
much lower wages than North Americans.
My company will be producing widgets. We will need
employees with training in tool and die. This will require
the work to be done in Canada and/or the USA.
A. In Table form list 5 completely different (i.e.
electronic, clothing, appliance, auto) items in your home. They must
not be made in Canada. Each item must be from a different country. (A
TV and VCR would be the same, both electronic items). Why are they
imported rather than made in Canada? Do they fill a want or a need?
The chart must identify the item, where it came from, etc.
B. ATI Technologies page 421
What new product was released by ATI in 1996?
Name eight countries where ATI personnel were working.
Thomas Edison invented the light bulb about 100 years ago. Why
could he not market it around the world as ATI has its
product?
C. Marianne Bertrand and Muttluks page 428
What led Mrs. Bertrand to develop Muttluks?
Explain how EDC (Export Development Canada) could help expand
the Muttluks business.
plates.
D. Mr. Larson collects Tasmanian license, Mr. Cozens
collects Bob-Lo and Amherstburg post cards. How could their ability
to collect be impacted by the Global Market Place (Internet)?
Newspaper Assignment In a newspaper or a magazine (not off the
Internet) find an article relating to international trade or
business. Neatly glue the article onto a sheet of paper. In paragraph
form using complete sentences summarize the article. In three
separate short paragraphs relate three terms from the list of
International Business Terms on page 3 of this assignment. Site the
origin of the article. Include all information that would be used in
a bibliography. (You may use more than one article if necessary.)
Business Proposal You have an idea for a business (product or
service). You must submit a proposal to Mrs. Rockefeller
in the form of a
letter. The letter is to request funding to get the
business started. Mrs. Rockefeller backs businesses that she feels
will be successful and make money. You must make a plan to convince
Mrs. Rockefeller to lend you the money to set up your
business.
Answer the following questions, in sentence paragaph form, before
composing your letter. Use the answers from these questions to draft
your letter. Use proper letter format as shown on the next page. The
letter should be one or two pages. Be sure to use the answers to the
questions and the brainstorming words for ideas to help you compose
the letter.
Where in the world would you set up your company? Explain your
rationale. Include in your rationale why you would, or would not
set up the company in Amherstburg.
Do you require a skilled workforce? What type of workers would
you need?
What countries do you expect to trade with? Explain your
rationale. You might use a world map to show likely trading
partners.
Where are such products made today? List two company names and
their web addresses.
What raw materials will you require? Where might they be
acquired?
Will your company be concerned with ethics (working conditions
in the country of origin)?
Why would you use EDC (Export Development Canada) or not?
Explain the term comparative advantage and how it would apply
to your business.
Name a business and explain why it could be influenced by
Canada's cultural diversity.
The table below offers a few samples of products and services that
might give you an idea for a product or service for your project.
baseball caps
binders
Christmas lights
Christmas ornaments
artificial plants
computer chips
copper wire
crayons
paper
paper cups
pencils
pens
plastic bags
snow shoes
soccer balls
sun glasses
teddy bears
text books
From Key Business Terms
Table select 7 terms that have the most impact on your company.
Write a paragraph explaining the impacts they might have. Work with
your brainstorming partner to come up with sensible ideas.
The letter
format The letter format link will provide you with the outline
and format for a business letter. Save it in your personal directory
and modify the letter to suit your assignment.
Brainstorming Terms