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BTEC Unit 39 P1 explain the international business environment in which a selected organization operates
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BTEC Unit 39 P1 (Pass)
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P1explain the international business environment in which a selected organization
operates
In this P I will explain the international business environment in which a selected organization
operates, I will do this by explaining subjects. These subjects are:
The economic value of international business
Imports and exports
Balance of trade
Availability of skilled labour
The economic value of international business
Without international trade, you
wont be able to enjoy live as
you are used to. A lot of
products that are produced
abroad wont be sold in the
Netherlands, for example, the
clothes you wear, the banana
you ate and driving a car would
be almost impossible. Another benefit we have from international trading is that when
companies have the opportunity to ship their products worldwide, they have way more
competition in their market. And because there are a lot of competitors, the manufacturers
will try to keep a high quality with a low price, which we benefit from. Because of the
opportunities to ship products worldwide, companies have the opportunity to develop new
innovative products that can make our lives easier, and eventually this will result in economic
growth and economic growth will present people with job opportunities. International trading
also enables people to move to another country for work. Since the European union was
introduced, all the states that are members of this union are able to move to different
countries to look for employment. This allows countries to access skills and opportunities that
wouldn’t be available without technology and deregulation. So What benefits do we have
from international trading?
- “People will have more choice due to increased competition”
- “more competitive prices for goods and services”
- “Improving the opportunity for education and skill improvements”
- “workforces can specialize”
- “improving the standards of living”
- “enable opportunities of economic growth”
- “encouraging labour movement between countries, where technology and expertise
could be exchange or transferred”
- “Widening the export market for domestic products and services”
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