Social Responsibility

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Chapter 3 Chapter 3 By Shane McNamara Block 3 By Shane McNamara Block 3 The balance of trade is the difference of a country’s exports and total imports.

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Transcript of Social Responsibility

Page 1: Social Responsibility

Chapter 3Chapter 3By Shane McNamara Block 3By Shane McNamara Block 3

The balance of trade is the difference of a country’s exports and total imports.

Page 2: Social Responsibility

Exchange RateExchange Rate

The exchange rate is the value of a currency in one country compared to another. In Mexico the US dollar is worth 14.58 pesos. In Russia the US dollar is worth 34.88 roubles. In Japan the US dollar is worth 90.24 yen.

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Factors of Exchange RateFactors of Exchange Rate

The 3 factors of exchange rate are balance of payments, economic conditions, and political stability.

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GeographyGeography

The crops a country can grow or if a country has rivers or ocean seaports so they can ship goods are both examples of how geography affects business.

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Cultural InfluencesCultural Influences

Culture affects how business is done. When you travel to another country to do business, you will need to know their customs in order to gain their respect. People also conduct business in different languages.

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US Balance of TradeUS Balance of Trade

India- -$7095.4 millionAustralia- $11874.4 millionChina- -226,332.7 millionEurope- -93,416.8 million


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