Read Exploring Business – Chapter 3.2.

Watch video on Imports and Exports from 1991-2019.

1991 Top Importer: Japan

1991 Top Export Destination: Canada

2005 Top Importer: Canada

2005 Top Export Destination: Canada

2019 Top Importer: China

2019 Top Export Destination: Canada

Watch video on Foreign Direct Investments (FDI).

Review PowerPoint presentation.

Learning Targets:

• I can define importing and exporting.
• I can contrast outsourcing with offshoring.
• I can differentiate between a franchise agreement and a licensing agreement.
• I can define foreign direct investment (FDI) and foreign subsidiary.