Intro to Business › Section C · Competing in the global marketplace › Topic C.1
Global trade and the United States
Almost every firm now buys from, sells to or competes with someone abroad. This topic shows how much the United States trades, with whom, and the three measures managers watch: the balance of trade, the balance of payments and the exchange rate.
In this topic
- Why managers need a global vision
- How much the United States trades
- Who the United States trades with
- The balance of trade
- Worked example: the US balance in 2025
- The balance of payments
- Exchange rates
- Worked example: a camera priced in yen
- Common mistakes to avoid
- Key takeaways
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