100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Unit 5 - International Business (Assignment 1) [DISTINCTION] P1 P2 P3 P4 M1 M2 D1 £6.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. PEARSON (PEARSON)
  4.  
  5. Business 2016 NQF
  6.  
  7. Unit 5 - International Business

Essay

Unit 5 - International Business (Assignment 1) [DISTINCTION] P1 P2 P3 P4 M1 M2 D1
 19 views  0 purchase

Throughout this model essay concerning international business, I go into every detail needed for you to get that distinction you thrive for. I venture into why businesses operate in international markets giving justified reasons all the way. I go into all of the types of finance they use to allow t...

[Show more]
Last document update: 1 year ago

Preview 1 out of 13  pages

Document information

  • August 25, 2023
  • August 25, 2023
  • 13
  • 2022/2023
  • Essay
  • Unknown
  • A+

Subjects

Written for

All documents for this subject (290)

Seller

avatar-seller
james23205

Reviews received

Content preview

Unit 5, Assignment 1

Unit 5, Assignment 1 .
Why Trade Internationally? .
In this report, I shall explain why businesses operate in international markets, the types of
finance they can use, the main features of becoming a global business and the role of the
current trading blocs and their effect on international trade. Additionally, I am to explain why
there are trading blocs, and what trading blocs there are.

I will also provide an analysis on both the supporting factors and barriers on international
business, then following in from this by evaluating the effects of globalisation on international
businesses.

The two businesses I have chosen are BP Oil and Christopher Ward London.
BP Oil is a global business which provides the nation with BP petrol stations, and currently
have 1,218 petrol stations in the UK as of November 2021 and over 18,700 service stations
globally. They provide resources and products such as fuel (petrol and diesel), oil, natural
gas, motor lubricants, EV charging points, car washes and more. They were founded in 1909
with the current HQ being in London. They operate in the UK, USA, Western Australia,
Brazil, Canada, Egypt, Azerbaijan and some smaller, lesser-known countries. They made
$164.19B (£133.37B) as of 2021 and have 60,000 employees.

They import products into the UK such as fuel, gas and oil.

Christopher Ward London is an Anglo-Swiss medium-sized international business that sells
watches. Their watches are designed in England, then manufactured and produced in
Switzerland. They were established in 2004 on the river Thames, London, UK. They have
made £13.6M as of 2022 and current employ 55 members of staff, also as of 2022. In the
financial year end March 2021, their growth rose by 19%, and produced roughly 20,000
watches. Their headquarters are in England and have property in Switzerland where they




handmade watches.

Section One .
A definition of international business would be how it is the trading of goods from one
country to another. The term goods can be products, services, technology, capital, and
knowledge on subjects such as markets, supplies, its prices, etc.

1

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller james23205. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £6.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

81113 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling
£6.99
  • (0)
  Add to cart