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

  • 1a Identify foundational business practices (CLO 8)
  • 1b Describe economic indicators (CLO 1)
  • 1c Identify positive and negative impacts of business on society (CLO 8)
  • 1d Use economic indicators to describe the state and health of an economy (CLO 1)
  • 1e Explain current economic trends and growth (CLO 1)
  • 1f Identify the four phases of the business cycle in real-life situations (CLO 2)
  • 1g Use economic indicators to predict where a business is heading in the business cycle (CLO 1)
  • 1h Describe global trade restrictions (CLO 1)
  • 1i Identify factors affecting the success of businesses (CLO 1)
  • 1j Evaluate the feasibility of doing business in a specific country (CLO 1)
  • 1k Describe methods for business entry into the global marketplace (CLO 3)
  • 1l Identify trade facilitators (CLO 1)
Back to 'Unit 1: The Context of Business'