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Unit 5 assignment 1
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- BUSI3105
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- PEARSON (PEARSON)
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Unit 5: International BusinessPlezio Miranda
40163422
Group A
Unit 5: Assignment 1
Content
Introduction………………………………………………………………………………………………………………………2
Methods used to finance international trade…………………………………………………………………….3
Globalisation………………………………………………………………………………………………………………………4
Trading blocs………………………………………………………………………………………………………………………6
Protectionism……………………………………………………………………………………………………………………11
Barriers to trade…………………………………………………………………………………………………………………14
Effects of Globalisation on Vodafone…………………………………………………………………………………17
Conclusion…………………………………………………………………………………………………………………………19
References…………………………………………………………………………………………………………………………20
Summary
Methods used to finance international trade will include Prepayment by the importer,
Letters of credit, Export credits, Bank loans Export Finance, Department for International,
Trade Chambers of Commerce
Trading blocs will include World Trade Organisation Customs unions and common markets –
European Union, Mercosur, NAFTA, APEC assessment, health and safety
Protectionism will contain Tariffs Customs, Duties, Currency restrictions, Quotas Subsidies,
Legal restrictions
Barriers to trade will include Trade restrictions, Exchange rate volatility, Legal and regulatory
systems, financial requirements, Operating risks, Economic sanctions
Effects of Globalisation on Vodafone
, Unit 5: International Business
Plezio Miranda
40163422
Group A
Introduction: In this report will explain why two businesses operate in contrasting
international markets also explain the types of finance available for international business
furthermore explain the main features of globalisation that affect two contrasting
businesses and explore the role of trading blocs on international trade in addition analyse
the support that is available to contrasting businesses that operate internationally moreover
analyse the barriers to two contrasting businesses of operating internationally plus evaluate
the impact of globalisation on a business.
Explain why two businesses operate in contrasting international markets.
Vodafone
Currently, the Middle East, Asia, Europe, and the United States are important markets for
Vodafone Group Plc, the world’s largest international telecommunications services provider.
The business made its debut as the first national network in the UK in 1985. In 1993,
Vodafone Group International was established to manage foreign investments and get
licences. Since that time, the business has expanded greatly; today, Vodafone operates in 27
different countries on 5 continents.
“Vodafone’s objective is to contribute to sustainable living by offering our customers
connection and cutting-edge services, while keeping the trust of our stakeholders by acting
ethically and responsibly wherever we operate,” the company states. Vod’l 2057 is cited.
Exanimating Vodafone’s vision statement, the full text of which can be found in the
bibliography, we can confidently draw the conclusion that expanding the company’s market
share and offering its services in new geographical areas was the main driver behind the
company’s decision to go global. We can see that Vodafone has not only accomplished this
objective but has also taken the lead in the world market.
Another reason to go
international was gain
competitive advantage
over their competitors.
Because
the company is
international it can provide
, Unit 5: International Business
Plezio Miranda
40163422
Group A
no roaming fees in 48
countries, meaning that
people can travel freely
around those countries
without worrying about
high roam fees. It also
provides the some of the
lowest international call’s
fees, which is attractive to
people who
have friends and family
abroad.
Gaining a competitive edge over rivals was another justification for going global. Due to the
company’s global reach, it can offer 48 countries with no roaming costs, allowing for
unrestricted travel without the stress of exorbitant rates. Additionally, it offers some of the
most affordable rates for international calls, which is very alluring to customers who have
friends and family abroad.
To accomplish the goals, Vodafone chose to concentrate on emerging markets, such as the
rapidly expanding Indian mobile market. The fact that there is less rivalry and more business
prospects due to the enormous potential size of the market is what led them to choose this
market. By employing this technique, the business expanded quickly and eventually took the
lead in the world market.
McDonalds
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