Unit 5 International Business Delivered by Mr Miah
Unit 5: International Business Delivered by Mr. Miah
START TO ASSIGNMENT 1 includes: • P 1 • P 2 • P 3 • P 4 • M 1 • M 2 • D 1
Start to P 1 • Subtitle: Explain why two businesses operate in contrasting international markets • International business holds exciting and lucrative opportunities for the right businesses looking to venture globally. • For P 1, you must select two separate businesses in different industries. • You must then explain why these two different businesses operate internationally. • To explain, the reason why, use the case study on the Weebly webpage to identify five benefits for each business. • You must include the different international markets the two businesses operate in when explaining the benefits.
Start to P 2 • Subtitle: Explain the types of finance available for international business • For international businesses there are different types of finance available. • For P 2, you must research the three different types of finance: – Helping exporters win contracts – Helping exporters fulfil contracts – Helping exporters get paid • Use the link below to help in your research: www. gov. uk/government/organisations/uk-export-finance • Lastly, on the above link, you must include case study examples in your explanations of each type by clicking onto the ‘find out more…’ on the website.
Start to M 1 • Subtitle: Analyse the support that is available to contrasting businesses that operate internationally • As part of P 2 you explained the different types of support available to different businesses that operate internationally. • You must now analyse the different types of finance available, aiming to identify whether the finance has helped businesses or has not helped businesses, clearly explaining why and how. • You must use case study examples from the government website used in P 2 to build strong analysis.
Start to P 3 • Subtitle: Explain the main features of globalisation that affect two contrasting businesses • For P 3 you are required to undertake research to fulfil the coursework tasks • Define, describe and give examples of the concept of Globalisation • Describe the following main features of Globalisation: – – – Trading blocs International mobility of labour and capital International currencies Multinational corporations International business communications International payment systems • Then apply and explain two business examples for each feature of Globalisation
Start to P 4 • Subtitle: Explore the role of trading blocs on international trade • Explain the impact of the following trading blocs on international business: – World Trade Organization (WTO) – The EU – Mercosur – NAFTA – Asia Pacific Economic Cooperation (APEC)
Start to M 2 • Subtitle: Analyse the barriers to two contrasting businesses of operating internationally • Choose two relevant businesses • Analyse the following barriers to trading internationally for two selected businesses: – – – Trade restrictions Exchange rate volatility Legal and regulatory systems Financial requirements Operating risks Economic sanctions
Start to D 1 • Subtitle: Evaluate the impact of globalisation on a business • Evaluate how globalisation has affected a selected business. • Evaluate how trading blocs have affected a selected business. • Evaluate how trade restrictions have affected a selected business.
START TO ASSIGNMENT 2 ASSIGNMENT 1 includes: • P 5 • P 6 • M 3 • D 2
Start to P 5 • Subtitle: P 5 - Explain the external factors that influence a selected business considering trading internationally • Choose a selected business that is considering trading internationally. • Complete a PESTLE analysis on the chosen business, choosing two factors on each part from the image on the following slide.
Start to M 3 • Subtitle: P 6 - Carry out a situational analysis on two countries that a selected business may consider trading in. • Select the same business from P 5, and identify two countries this business may consider trading in. • Produce a situational analysis on each country through the following models: – SWOT Analysis – 5 C Analysis – Porter’s Five Forces • Select one factor from each model and analyse the two countries the business may consider trading in (use following slides to help)
Start to P 6 • Subtitle: P 6 – Explain how business support systems enable a selected business to trade internationally • Businesses that trade internationally have support systems to help them, these are mainly: Influence of the Internet and International payment methods. • Choose a selected business • Identify and explain three factors of Internet influence that can enable the business to trade internationally. • Explain how the following International payment methods can enable a business to trade internationally: – Cash in advance – International credit card – International bank transfer • Ensure you define the key terms: internet in business, cash in advance, international credit card and international bank transfer first.
Start to D 2 • Subtitle: D 2 – Recommend one country that a selected business could target for international trade, justifying your decision. • Choose the same business you have been doing so far for this Assignment. • Select one country the business can target for international trade. • Justify going into that country by doing the following: – – 3 External factors (from P 5 PESTLE) Strengths and Opportunities (from M 3 SWOT) 3 elements of 5 C Analysis (M 3) 2 elements from Porter’s 5 Forces (M 3) • Ensure you justify each point as being the reason for international trade in that country (use the word “justify” in work)
START TO ASSIGNMENT 3 ASSIGNMENT 1 includes: • P 7 • P 8 • M 4 • M 5 • D 3 • D 4
Start to P 7 • Subtitle: Explore the cultural differences affecting international businesses. • Explain the different cultural differences that impact upon businesses, by applying real-case business examples into your answer. • Find out different cultures of the following, then explain how these affect international businesses: – – – Languages Ethnic population make-up Religion Social structure Attitudes to business (respect to clients/relationship building/ punctuality to meetings/Equality between men-women)
Start to M 4 • Subtitle: Analyse how cultural differences affect international businesses. • You must use the same cultural factors that influence an international business you used for P 7 • You must analyse the impact of these factors to international businesses – use relevant international business examples in your answer for each point. • REMEMBER: when analysing you must explain in detail what are the consequences of each factor to the business.
Start to D 3 • Subtitle: Evaluate the impact of cultural differences on international businesses. • Using the same factors as in P 7 + M 4, you must evaluate the implications of these factors onto international businesses. • To do this, you must evaluate the strengths and weaknesses (pros + cons) each factor brings to international businesses. • You must show international business examples to demonstrate strong evaluation throughout the work.
Start to P 8 • Subtitle: Explain how products and processes have to be adapted for international markets by a selected business. • Select a business that trades internationally • Explain how the selected business has adapted (changed) its products to enter an International market (use various product examples) • Explain how the operating process of a business has adapted (changed) for entering an International market, use the following points to explain this: – Marketing strategies and brand names – Advertising – Organisational culture (how the local culture influences a business’s culture)
Start to M 5 • Subtitle: Analyse the effectiveness of the strategies and resources used by a selected international business. • Select a business that trades internationally • Research and analyse the effectiveness of the following strategies that your selected business uses when entering international markets: – Joint ventures – Franchising • Research and analyse the effectiveness of the following resources that your selected business uses when entering international markets: – Capital costs (costs to start the operations in an International market) – Revenue costs (costs that are related to the sales of the business) – Training costs for local labour **ENSURE WHEN ANALYSING THE EFFECTIVENESS, YOU EXPLAIN HOW THAT STRATEGY/RESOURCE HAS HELPED THE BUSINESS IN THAT INTERNATIONAL MARKET**
Start to D 4 • Subtitle: Evaluate the success of the strategies and resources used by a selected international business in one of its markets. • Using the same strategies and resources used in M 5, you must now evaluate these different factors. • To evaluate, you must analyse in detail the strengths and weaknesses of each strategy and resource to the business in operating in international markets.
Unit 5 assignment 2 International business $4.45 Add to Cart
Unit 5 assignment 2 international business.
Preview 2 out of 14 pages
Generating Your Document
Purchase the document to get the full access instantly
- Trusted by 50,000+ Students
- 24/7 Money Back Guarantee
- Download is directly available
Report Copyright Violation
Study guide Details
Add To Cart
Add To Wishlist
- Trusted by 50,000+ Students
- 24/7 Money Back Guarantee
- Download is directly available
Institution North Warwickshire & South Leicestershire College
Study Unit 5 assignment 2 International business
Course Unit 5 assignment 2 International business
Course Code Unit 5 assignment 2
Updated On Nov 13,2021
Number of Pages 14
Type Study guide
980 documents uploaded
73 documents sold
Unit 5 A3 Activity 3: Div...
Unit 5 AC114 Discussion
Unit 5 Assignment
Unit 5 Assignment 1 Inter...
Chapter 04 - Demanding Et...
What students are saying about us.
Docmerit is a great platform to get and share study resources, especially the resource contributed by past students.
Northwestern University Karen
I find Docmerit to be authentic, easy to use and a community with quality notes and study tips. Now is my chance to help others.
University Of Arizona Anna Maria
One of the most useful resource available is 24/7 access to study guides and notes. It helped me a lot to clear my final semester exams.
Devry University David Smith
Docmerit is super useful, because you study and make money at the same time! You even benefit from summaries made a couple of years ago.
Liberty University Mike T
- Follow us on
- Copyright © 2023 | All rights reserved
Register a free account
- Written for
- Document information
- Related courses
- PEARSON (PEARSON)
- Business 2016 NQF
- Unit 5 - International Business
Unit 5 - International Business Assignment 2
This assignment covers all the content needed for Assignment 2 in the Unit 5 Module, International Business. All content can be easily accessed through the contents page and all references to where I accessed the information is also readily available at the end of the document. This essay received ...
Preview 4 out of 32 pages
- Report Copyright Violation
Preview 4 out of 32 pages
By: zaynabm • 5 months ago
By: yusufmahmood • 9 months ago
More courses for PEARSON (PEARSON) > Business 2016 NQF
- Unit 1 - exploring business
- Unit 6 - principles of management
- Unit 8 - recruitment and selection process
- Unit 2 - developing a marketing campaign
- Unit 4 - managing an event
- Unit 22 - market research
- Unit 17 - digital marketing
- Unit 20 - investigating corporate social responsibility
- Unit 18 - creative promotion
- Unit 14 - investigating customer service
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do i get when i buy this document.
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller EasyCollegeGrades. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £4.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
83831 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 13 years now