BUS101: Introduction to Business

Upon successful completion of this unit, you will be able to:

• Identify foundational business practices;
• Describe economic indicators;
• Identify positive and negative impacts of business on society;
• Use economic indicators to describe the state and health of an economy;
• Identify and explain current economic trends;
• Identify the four phases of the business cycle in real-life situations;
• Use economic indicators to predict where a business is heading in the business cycle;
• Describe global trade restrictions;
• Identify factors affecting the success of businesses;
• Evaluate the feasibility of doing business in a foreign country;
• Describe methods for business entry into the global marketplace; and
• Identify trade facilitators.