Help Me With Sign Kentucky Banking Business Letter Template

Help me with industry sign banking kentucky business letter template

hello my name is dr george machaki and i want to welcome you to global business basics this is a basic understanding you're taking media on an online class or as a face-to-face class and this is just a quick overview of what you've uh already discussed in the discussion board uh or uh uh from our readings okay so so what i'm gonna talk about why trade from small business you know from a retailer perspective what are some of the advantages of trading uh uh you know basic things export and import i'm not going to get into that just you know the difference between this by this time uh uh uh measurable global trade and global trade has really been changing you know we had the trump administration last uh a couple years so went one way now we have a new administration that's kind of we're not sure which way it's going right now uh so from a business perspective a lot of businesses are kind of hold on let's wait and see which way it's going to go we don't know how uh china is going to be receptive coming back here we don't know how mexico and some of the other things we're going to talk about different trade agreements uh uh the one the most current one was the usmc had to make sure he got the right letters united states mexico and canada which replaced nafta north american free trade and basically just gave you they tweaked the things that brought it up to a standard a little more negotiation a little more protections on both sides of the three countries that are working but it did shift the narrative from a global perspective to more of a nationalist perspective just by the name before okay and uh uh help getting trade and strategy dental strategies it enters uh especially for small business it's not really that hard uh because you have a visa your payment everything else so the exchange rate for you and the mail the u.s mail and other agencies here will set up and help you set up so you could uh know how to send stuff uh your goods or products to different countries or how they send it back to here and if you look at amazon look at how much stuff i get stuff from uh uh uk uh united kingdom or england for lack of better words right uh so uh when i get that i order it on amazon or order it online you a week ago it comes to my house uh fedex to global so this is so it's not as long as you think so if you really look from an economic and a trading perspective we are kind of like one big trading block but the the thing is are we one whole or are we separate different trading blocks and me as a customer oh i want a little bit more this kind of a treatment or this kind of a quality so i will go for this training block or this so you're looking at the trading blocks and not just one that's stored you buy everything so that's the way i look at it as when i look at global i know that it used to be to bring it all together as one there's only one store everything's all equal and that's nice guys you know i go to walmart and it's a little different than going to nordstrom yeah and north jump is a little different going to macy's uh uh walmart's a little different than going to target uh sane's a little different going to costco similar but it gives me some flexibility of what they're focusing on instead of uh going to like a superstore and everything's there and i use too much stuff i really don't have any choice i'm always set up with the same kind of uh experience part of uh business is even global is to have a different experience a different flavor a different kind of a culture a different that's what makes us grow as uh uh humans as uh as a population for like a better word uh right especially for marketing all right so why trade let's go real quick i'm gonna come in here i'm not gonna go through all this i'm just gonna go through you know uh no one can make the uh the products uh everything they want so it's easy to trade you know and we'll talk about uh i have some natural resources uss natural resources china has natural resources and part of natural resources could also be human resources there's more people more jobs wages and everything else so when you look at resources from economic perspectives how do i use the sovereign wealth of a country to leverage this certain area this region to sell my products or my services or my expertise globally sort of people say hey they do a really a better job than we could do so let's do it and that's what you would love we talked about the absolute and competitive comparative advantage absolute advantage i have the advantage find good you're the number one benchmarking uh but if i come in you know i don't have the absolute i have a comparative advantages i'm pretty close i had to make the decision and the basic decision is based on cost now because of the quota of 19 it's not only cost if we get everything because our cost labor cost is less even transportation we get everything from one logistic area let's say china and india that's what usually we get most of our good something happens to that chain that process and it's not that you know i'm not talking about warranting out some natural disaster or something happening or kobe 19 and that section is isolated and i need that component to build my components business oh my goodness i don't have a way to build this i have to find some another resources so what's happening a lot of businesses still looking globally to get the best deal but they also have smaller manufacturers suppliers that are producing the same amount of goods but the higher end or lower energy so just in case something happens i will pay or even subsidize these small ones either whether the government or an industry as a whole to keep them going if you look at the auto industry it doesn't make sense for them to to make a knob or something you know i'm going to say i've got some kind of a knob i got to make and it costs too much money i have a small injection voting company locally just make i need a billion of them that's all they do make knobs and i'll subsidize them i'll get the machinery i'll get something else to pay me back i give them a good deal on that that's nothing wrong with it that's making an alliance a contractual alliance helping my supplier i'm up here but now i have something in here but some of the bigger items i bring it over from china i bring it in from india because the uh economies of scale is to my advantage right natural resources competitions keeps it down uh you know china and india i think it's 1.5 billion uh uh uh residents for a lot of better words in each country or constituents however you want to call it uh as you call developing countries you've got china developing i don't think china should be done that's just my personal opinion not the altar china it's pretty darn developed they're eating uh uh they're taking us for a ride the way i look at it from perspective i like the cost and everything else but if i'm looking to be competitive against them i can't be we talked about in here to talk about some advantages disadvantages they talked about dumping what's dumping that means they uh the government's involved and it subsidizes their host industries and i think i have some place in here subsidizes the whole industry for uh uh uh so even if i'm not as effective and efficient as a process should be that's what the market system remember when we look at the capitalistic system it works on efficiency and effectiveness and that i'm buying the right product and bringing it to the market to the right customer niche at the right time and for the right demand because i have the right supply if i don't know how to work through it logistic change because no one is helping me on that i go out of business and another company will come in that understands that process that's where businesses grow so the ones that cannot compete competitively are washed away not that's why they say okay can't compete but now just doesn't mean you can't compete competitively because you could charge higher prices if they feel they have added value i get something for me i get something from france it's made in france i get something made in italy from rome so that will put some added value to it it's still made out of wood it's just a region it has some symbolic uh uh meaning it may or may not but it's all marketing it has that conception coming in there as their brain it has so certain countries that you know if i buy wine even though california has very good wine if you can't really tell the difference i can but people say oh you got to buy wine from italy you got to buy wine from here because that's what they've been doing for all their lives doesn't mean they're doing it right just kidding all right so we have that okay so i'm not going to go so you got your advantages comparative and absolute all right so i'll just real quickly us used to specialize in things in india now uh they go to south africa i think right now if i look at manufacturing when i'd be absolute i would look at china for uh for labor and uh if i had to have human labor japan if i'm looking at robotics japan is very robotic when i thought they're they're cutting edge u.s is out there but they're really up to uh america same thing with uh uh south korea all right okay export you export in import measure of trade you know trace of play balance the trade we always had an unfavorable balance would you like president trump or not he was bringing the balance of trade back what he was doing he was adding terrorists remember there's two types of terrorists some third terrorist dumping we talked about that uh balance of payments unfavorable because we oh we bring in more than we export to that country so basically all more all right uh so but when i look at terrorists the two types protective tariffs this case i don't get to it and uh nobody call it um a revenue tariff revenue tariff look at the toy hey because i can't you don't want to use a toy take the regular road but they give it a little longer stay and pay for the toy uh for the total so that's revenue because they can certain things the government puts a tax on because they can't i mean a certain uh luxury item they put a tax on why are you protecting the uh the animals or anything else no just because we can't we need some revenue no problem all right so that's regulator protective tariffs is basically to protect an industry if i look at steel they ship the steel away from here from china and here and then we make our industry cannot compete with that steel so what happens because if they can't even with the technology it's going down down down the industry after a while fades away they can't very few maybe very small steel mills they're doing some special things but nothing on a large scale to uh uh uh supplied the nation that needs some bridges you know steel isn't everything you don't think about or machine forget that bridges airplanes cars even cartwheels got a lot of aluminum there's a lot of materials uh uses for steel you know wind turbines that turn up there that generate electricity for the green deal it's all steel generated even though you have aluminum or anything else you need those structures to tower so steel has to be there so eventually they'll go away they can't be competing because the government their the chinese government is involved that's just the way their system is it's a communistic slash uh for like a better words um semi uh free market socialist system there's no pure system we're not completely capitalistic they're not completely communist pretty close but not all the way same thing with france and so italy they're more of a socialist so what did they do there's some government involvement when did you remember uh from social just more government involvement a little more regulation uh you pay higher taxes because they tell you what you could do and you can't you wanna do that time you gotta pay me more taxes you know because they're taking the sovereign wealth the wealth of a nation and that supposed to be spread evenly again among its citizens whether it's not and if it's not then you have a revolution because if you only have the elite they get it and uh uh the working class don't they're upset and no different than you're doing business if i always get the management i'm getting the higher raises and my workers are just getting uh uh peanuts or just surviving to rebel by going unions striking everything else so when you're looking at what's happening in business you look what's happening in society you look what's happening in the country look at countries as one big business basically it is all right uh it's got some other things you're a shareholder for lack of better words if you want to do and you vote into the board of directors that you're uh what do you call it the house representative or the senate and then you get your uh uh president uh everything else uh to the electrical uh electrical electrical uh electoral uh college all right all right so we've got that balance of payments let's go for unfair practice dumping uh strategies answers real easy joint ventures strategic alliance uh foreign direct investments means that basically you're buying property there just like your china and mexico they did a lot of companies buy property here and they pay taxes so they've become like a uh they're more involved and not just like a tourist visiting uh otherwise you just have imp uh uh you have import and export uh companies don't have anything in in the host countries okay multinational organization they look at the whole world as one big market they had no loyalty to any country any government they looked at which way would make more return to my investment and we'll have that in finance going back to my shareholders or uh the owners okay they start off with licensing franchising we talked about the things in different types of business uh models uh contract manufacturing i don't know what i really wanted that time but i just slot out that time it's not like a time share uh so inside here's from this times at this time i'll tell you what i need and this manufacturer does it with cotton or clothing i just tell you what colors i want to what to print and i'll send them there to some kind of autocad or some kind of uh electronic version you put in the computer it's all the life is different like life is something else pretty soon they won't even have meat uh i'll be either a hologram or i have a rule but they'll never get anyone like me to look so good come on lighten up a little here all right so we have that you know how do you get trade you've got the government export system sovereign rail well you you mean uh size of the funds and if you look at china says uh we'll help you build your infrastructure and everything else oh you can't pay okay we take the oil we take the land we take your harvest it's a contract it's no different in business you make a contractual deal with me you're not able to pay your uh commitment back to me either by interest rates or whatever what do you have okay you're working for me what do you have i'm going to take something to make you make me whole you signed up i did something it's fair otherwise i'm defaulting or go bankruptcy and if you look at the you know president trump went bankrupt a bunch of times you go oh jesus no no from a business you have a business you have operation you look cameras it's costing me so much i'm breaking even what i do get out of the business no difference from some people walk on the stage right but this legal way of getting out of business holding off your credit say i got to restructure i've got too much bills i i'm paying you guys too much or whatever gals too much or whatever uh different suppliers i go into a bankruptcy i let the court take over split it up you can't go after them and we restructure we settle our debts and we start all over again who pays for it sometimes the taxpayers sometimes the company sometimes the suppliers but remember just that burden costs you take it for accounting just that cushion you have a cushion uh uh it cuts into the profit margin all right so we have that well else we have a a sovereign wall we have go ahead and here forces the terrorists quotas you know i mean when the terrorists up who was paying for it even though so their goods were highe uh the chinese government was uh picking up the tan because they still want to sell their products they keep their own employer their own constituent citizens uh employed remember you got to keep everybody healthy so you you'll find a balance remember when you're going for anything else from one side region the other one once had the advantage then doesn't have the advantage in a couple years one is an advantage over the other one you try to get a working relationship that's what you have to do in business i'm always looking for a working relationship same thing you have to do with countries or working relationships one science doesn't fit all that's communism this is one side but doesn't fit me that'll make a difference it's big it spits doesn't it goes over your feet i want this size i want this color i don't like the chrome i want good i don't like the glass i want diamonds whatever remember we're used to customization a lot of countries a lot of people want cusp they don't want to be everyone the same once i i want a little different so so you're going to find that balance even globally there's the balance is working out companies go to the structure the customers the constituents and different areas and the forces affecting what that balance is all right what do we have on this one 5l okay then you got the exchange rate you know how much my currency is worth over something out they're talking about some big resets coming right it's not going to block the reset it's just going to go reset more into a digital currency no more cash it's easier for them to track it's easier for you to track it's also easier for you to to lock out certain accounts but then now bitcoin is similar to like paying cash because it's not with the banking or is it so there's a lot there's a lot in here take me for finance right this is just what you have to the evaluation your currency or their currency counter trader what's the legal requirements in china versus us uh environmental factors what factors you have to do if you're doing business in california stricter environmental factors than if you're doing something in tennessee or kentucky or even illinois you know always got a fairly strict uh environmental standards but not as strict as they have in california okay some of the legal concerns you have there's no global systems law they're trying to make it all now will that work is it good you know it depends look if i had to do as a small business owner if i had to have the same rules and everything else as a motorola or a baxter i can't survive i don't have that legal ability i don't have the cash flow i don't have to do that so you can't have one size you have to have okay he's smaller or just business smaller this segment is smaller they don't have to do all these or they have to do this but a minimal okay all right consistent and general information and uh trade agreements we talked about this you know we'll trade organization the uh who uh european unions yeah i think uh uh uk left kind of that i don't think they got a good deal but is that from my perspective uh when i look what they did because i'm a business person look at the perspective and these are different trade ones and then here's the usmnc replaced uh uh for like a better word uh nafta okay uh uh north american free trade and then and now it's gonna end with this here if i look at nafta where the heck are we let me go in here we'll trade agreement usmc okay here it is north american free trade agreement this is the one present this one here brought up current to this standards with new regulations uh wages everything else uh e-commerce uh uh moving goods everything else uh new labor so they're more competitive with us so people aren't moving more jobs coming in here certain percentages had to be built here in the u.s not shipped over and put together here so it has something going on there how it's going to be beneficial we'll see what happens in a year i just wanted to be aware of that remember things always changing okay so we have this okay so that's basically this whole chapter on here we covered everything else in here uh read the textbook do the things the it just gives you real basic information just you have a general understanding okay i'm done and i'll see you in the next uh i think the next thing we'll be talking about and this one is either accounting or something or you're going through a series with me or if you're taking me online class or face-to-face or blended or a strictly zoom or webex class welcome to my world i just have to find a recording there we go 21 minutes this is perfect it's about the right time thank you very much