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UNIT 5 INTERNATIONAL BUSINESS P1 P2
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UNIT 5 INTERNATIONAL BUSINESS P1 P2. REPORT ACHIEVED A D GRADE. WRITTEN IN DETAIL AND IS RELIABLE.
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P1: Explain why two businesses operate in contrasting international markets.Vodafone and HSBC are two large multinational companies that operate in different
international markets. International business refers to the exchange of goods,
services, and capital across national borders. International trade is a key aspect of
international business, and it has increased significantly in recent decades, with the
value of global exports exceeding $19 trillion in 2021.
One key difference between the international markets in which Vodafone and HSBC
operate is the type of products and services they offer. Vodafone is a
telecommunications company that provides mobile and fixed-line services, as well as
broadband and television services, to consumers and businesses around the world.
On the other hand, HSBC is a financial services company that offers a wide range of
banking and financial products and services, including retail banking, corporate
banking, and investment banking.
Another difference between the international markets in which Vodafone and HSBC
operate is the geographic regions they focus on. Vodafone has a significant presence
in Europe, the Middle East, and Africa, and also has a strong presence in India and
other parts of Asia. In contrast, HSBC has a global reach, with operations in North
America, Europe, the Middle East, and Asia.
Despite these differences, there are also some similarities between the international
markets in which Vodafone and HSBC operate. Both companies operate in highly
competitive industries and face significant challenges from rivals. Both companies
also rely on strong brand recognition and reputation to attract customers and build
loyalty.
In conclusion, Vodafone and HSBC operate in contrasting international markets due
to the differences in the products and services they offer and the geographic regions
they focus on. However, both companies face similar challenges in their respective
industries and rely on strong brands to compete effectively in the global
marketplace.
Exporting businesses are businesses that sell products or services to customers in
other countries. This can involve the physical shipping of goods, or the digital
delivery of services such as consulting or software.
Importing businesses are the opposite of exporting businesses. They buy products or
services from other countries and sell them within their own country.
Multinational enterprises (MNEs) are businesses that operate in multiple countries.
They may have a headquarters in one country and subsidiaries or branches in other
, countries. MNEs may engage in both exporting and importing, as well as other
business activities such as manufacturing or research and development.
Associated businesses are businesses that are related to or affiliated with one
another in some way. They may be owned by the same parent company, or they may
have a strategic partnership or other formal agreement.
Vodafone is a multinational telecommunications company that operates in many
countries around the world. It offers mobile phone and internet services, as well as
other telecommunications products and services. Vodafone engages in exporting and
importing, as well as operating subsidiaries in various countries.
HSBC is a multinational bank that operates in many countries around the world. It
offers a range of financial products and services, including banking, investment, and
insurance. HSBC also has subsidiaries and affiliates in various countries, and it
engages in exporting and importing through its global network of operations.
There are many reasons why companies like Vodafone and HSBC might choose to
conduct business internationally. Some of these reasons include:
Growth: Expanding into new markets can help companies grow and increase their
overall size and revenue.
Additional revenue streams: Conducting business internationally can also help
companies diversify their revenue streams and reduce their reliance on any one
particular market.
Brand exploitation: Companies can also use their international expansion to exploit
their brand and increase their brand awareness and recognition in new markets.
Access to new markets: Expanding internationally can also give companies access to
new customers and markets that they might not have been able to reach otherwise.
Diversification: Conducting business in a variety of international markets can also
help companies diversify their operations and reduce their overall risk.
Increasing market share: Expanding into new markets can also help companies
increase their market share and establish a stronger presence in the global market.
Market leadership: Being a leader in a particular market can give a company a
competitive advantage, and international expansion can help companies achieve this
leadership position.
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