{"id":2842,"date":"2023-02-19T16:10:54","date_gmt":"2023-02-19T16:10:54","guid":{"rendered":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/chapter\/fresh-take-3-3-factors-affecting-global-business\/"},"modified":"2023-07-03T23:36:16","modified_gmt":"2023-07-03T23:36:16","slug":"fresh-take-3-3-factors-affecting-global-business","status":"publish","type":"chapter","link":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/chapter\/fresh-take-3-3-factors-affecting-global-business\/","title":{"raw":"Fresh Take 3.3: Factors Affecting Global Business","rendered":"Fresh Take 3.3: Factors Affecting Global Business"},"content":{"raw":"<section class=\"textbox learningGoals\">\r\n<ul>\r\n \t<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Understand how sociocultural forces affect global trade&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15233,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Understand how sociocultural forces affect global trade<\/span><\/li>\r\n \t<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Understand how political and economic forces affect global trade&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15233,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Understand how political forces affect global trade<\/span><\/li>\r\n \t<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Understand what governments do to restrict trade&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15233,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Understand what governments do to restrict trade<\/span><\/li>\r\n \t<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Understand how legal differences affect global trade&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15233,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Understand how legal differences affect global trade<\/span><\/li>\r\n \t<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Understand how physical and environmental forces affect global trade&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15233,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Understand how physical and environmental forces affect global trade<\/span><\/li>\r\n<\/ul>\r\n<\/section>\r\n<h2>Cultural Differences<\/h2>\r\n<iframe src=\"\/\/plugin.3playmedia.com\/show?mf=9475104&amp;p3sdk_version=1.10.1&amp;p=20361&amp;pt=375&amp;video_id=jUwFN3lzRFo&amp;video_target=tpm-plugin-q7rq20rq-jUwFN3lzRFo\" width=\"800px\" height=\"450px\" frameborder=\"0\" marginwidth=\"0px\" marginheight=\"0px\"><\/iframe>\r\n<p class=\"p1\">You can view the <a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Intro+to+Business\/transcripts\/ErinMeyerWorkingAcrossCultures.html\" target=\"_blank\" rel=\"noopener\"><span class=\"s1\">transcript for \u201cErin Meyer: Working Across Cultures\u201d here (opens in new window).<\/span><\/a><\/p>\r\n\r\n<h2>Trade Restrictions<\/h2>\r\nhttps:\/\/youtu.be\/_e2gQxN1OBg\r\n\r\nYou can <a href=\"https:\/\/course-building.s3-us-west-2.amazonaws.com\/Intro+to+Business\/Transcriptions\/Episode36TypesofTradeRestrictions_transcript.txt\" target=\"_blank\" rel=\"noopener\">view the transcript for \"Episode 36: Types of Trade Restrictions\" (opens in new window).<\/a>\r\n<h2>Trade and Exchange Rates<\/h2>\r\nhttps:\/\/youtu.be\/geoe-6NBy10\r\n\r\nYou can <a href=\"https:\/\/course-building.s3-us-west-2.amazonaws.com\/Intro+to+Business\/Transcriptions\/ImportsExportsandExchangeRatesCrashCourse_transcript.txt\" target=\"_blank\" rel=\"noopener\">view the transcript for \"Imports, Exports, and Exchange Rates: Crash Course Economics #15\" (opens in new window).<\/a>","rendered":"<section class=\"textbox learningGoals\">\n<ul>\n<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Understand how sociocultural forces affect global trade&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15233,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Understand how sociocultural forces affect global trade<\/span><\/li>\n<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Understand how political and economic forces affect global trade&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15233,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Understand how political forces affect global trade<\/span><\/li>\n<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Understand what governments do to restrict trade&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15233,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Understand what governments do to restrict trade<\/span><\/li>\n<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Understand how legal differences affect global trade&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15233,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Understand how legal differences affect global trade<\/span><\/li>\n<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Understand how physical and environmental forces affect global trade&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15233,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Understand how physical and environmental forces affect global trade<\/span><\/li>\n<\/ul>\n<\/section>\n<h2>Cultural Differences<\/h2>\n<p><iframe loading=\"lazy\" src=\"\/\/plugin.3playmedia.com\/show?mf=9475104&amp;p3sdk_version=1.10.1&amp;p=20361&amp;pt=375&amp;video_id=jUwFN3lzRFo&amp;video_target=tpm-plugin-q7rq20rq-jUwFN3lzRFo\" width=\"800px\" height=\"450px\" frameborder=\"0\" marginwidth=\"0px\" marginheight=\"0px\"><\/iframe><\/p>\n<p class=\"p1\">You can view the <a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Intro+to+Business\/transcripts\/ErinMeyerWorkingAcrossCultures.html\" target=\"_blank\" rel=\"noopener\"><span class=\"s1\">transcript for \u201cErin Meyer: Working Across Cultures\u201d here (opens in new window).<\/span><\/a><\/p>\n<h2>Trade Restrictions<\/h2>\n<p><iframe loading=\"lazy\" id=\"oembed-1\" title=\"Episode 36: Types of Trade Restrictions\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/_e2gQxN1OBg?feature=oembed&#38;rel=0\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>You can <a href=\"https:\/\/course-building.s3-us-west-2.amazonaws.com\/Intro+to+Business\/Transcriptions\/Episode36TypesofTradeRestrictions_transcript.txt\" target=\"_blank\" rel=\"noopener\">view the transcript for &#8220;Episode 36: Types of Trade Restrictions&#8221; (opens in new window).<\/a><\/p>\n<h2>Trade and Exchange Rates<\/h2>\n<p><iframe loading=\"lazy\" id=\"oembed-2\" title=\"Imports, Exports, and Exchange Rates: Crash Course Economics #15\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/geoe-6NBy10?feature=oembed&#38;rel=0\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>You can <a href=\"https:\/\/course-building.s3-us-west-2.amazonaws.com\/Intro+to+Business\/Transcriptions\/ImportsExportsandExchangeRatesCrashCourse_transcript.txt\" target=\"_blank\" rel=\"noopener\">view the transcript for &#8220;Imports, Exports, and Exchange Rates: Crash Course Economics #15&#8221; (opens in new window).<\/a><\/p>\n","protected":false},"author":21,"menu_order":23,"template":"","meta":{"_candela_citation":"[{\"type\":\"copyrighted_video\",\"description\":\"Erin Meyer: Working Across Cultures - Global Matters\",\"author\":\"Carlson School of Management\",\"organization\":\"\",\"url\":\"https:\/\/www.youtube.com\/watch?v=jUwFN3lzRFo\",\"project\":\"\",\"license\":\"arr\",\"license_terms\":\"Standard YouTube License\"},{\"type\":\"cc\",\"description\":\"Episode 36: Types of Trade 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