BTEC business level 3 UNIT 5 Assignment Learning Aim A&B International business
This assignment will cover the following criteria:
P1-Explain the importance of factors influencing the global economy
P2- Explain the impact of globalisation on the national economies of contrasting countries
P3-Ex...
Unit 5 international business Learning aim A and B
P1
International business is the exchange of goods, technology, services, capital
and additionally information across public outskirts and at a worldwide or
transnational scale. International business also includes cross border
transactions of goods and services between two or more countries.
International business can also be referred to as Globalisation.
There are types of activities that a business can carry out when working on a
global scale which include:
Exporting businesses- Sell goods and services to other countries
Importing businesses- Buy goods and services from other countries
Multinational enterprises-Export and import goods and services
between a range of multiple countries.
Associated businesses- These are businesses that help other businesses
that operate in the export/import market.
The reasons why certain businesses operate internationally can be because of:
growth, when a business grows it has the potential to operate in many
areas and also reach out to more people.
Other reasons can include additional revenue streams from different
countries, brand exploitation to reach more and new customers
worldwide
The increase of market share to surpass rivals and competition which
can be linked to market leadership
Technological dominance in terms of being able to access and use new
tech and machinery that may not be available in certain places that will
be used to deliver better products in terms of production.
Economies of scale, as the business grows its marketing will be noticed
more by the people and it will have greater financial power.
fiscal benefits, Exporters can receive government financial help in the
form of grants inn order to develop trades in other countries.
preferential tax rates, multinational businesses can have access to lower
corporation tax rates if seen to be based in other countries. They can
avoid paying tax in the country that they received the revenues.
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