unit 5 assignment 1 apple

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.

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Unit 5 – International Business, Assignment 1, Explore the international context for aa business

Subject: Business and finance

Age range: 16+

Resource type: Unit of work

Last updated

25 April 2020

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This essay is Unit 5 – International Business, Assignment 1. I have carried out comprehensive research evidence into two contrasting international businesses based in the UK: Vodafone and Innocent Drinks. This research has been used to answer the question “Why trade internationally?” My work covers all of the criteria required to achieve distinction as well as the correct structure and layout needed to reach these high grades (please have a look at the previews). Just follow the content, it will save you time and help you easily achieve distinctions.

**Criteria covered: ** P1 Explain why two businesses operate in contrasting international markets P2 Explain the types of finance available for international business P3 Explain the main features of globalisation that affect two contrasting businesses P4 Explore the role of trading blocs on international trade M1 Analyse the support that is available to contrasting businesses that operate internationally M2 Analyse the barriers of operating internationally for two contrasting businesses

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