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*NEW* Unit 5 International Business: M1 - Analyse the support that is available to contrasting businesses that operate internationally£11.49
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*Certified High Graded Work* Unit 5 International Business: M1 - Analyse the support that is available to contrasting businesses that operate internationally
A3 Support for international business • Agencies that support international business, e.g. UK Export Finance, UK Trade and Investment, ...
financing through a third-party lender or a Tesla financier. As a result of its decision to issue
convertible notes instead of debt or equity, Tesla is taking a less risky approach to securing
financing. As TSLA invests in its operations to stabilise its revenue generation, the company's
negative net income will gradually become positive. A key aspect of TESLA's strategy is that it
reinvests cash into financing its own operations in order to increase its value. The firm's
decision to invest in operations that promise future revenue is a bold but risky move that shows
it is confident in its product.
Analyse the support that is available to contrasting businesses that
operate internationally
In this assignment I will be exploring the support that is available for my two chosen businesses,
Apple and Tesla to operate internationally. This consists of agencies that support international
business where I will be analysing the support provided to these businesses in order to sell and
operate in the global market.
Agencies that support international business
An entrepreneur's first step to success is to build and maintain a local customer base. Becoming
a global business is an impressive feat and not every business that sets out to do it
accomplishes it. Thus why there is support available for businesses to overcome their financial
difficulties and deficiency to become an international trade cooperation. Agencies provide
businesses with support to trade their goods and services as well as their operations
internationally which can help businesses attract more customers and overall gain wider brand
recognition. There are different types of support options that will benefit businesses when they
operate internationally. There are different agencies that will help international businesses.
These agencies consists of;
➔ UK Export Finance
The UK export finance agency will help UK businesses get export finance, they work alongside
the department for international trade. They make sure that no business in the UK fail when
exploring due to not having the sufficient funds available. They say that their “aim is to win
export contracts by producing attractive financing terms”. The agency will support exports from
any business. They also offer export financing to every business sector. The agency makes sure
companies get access to credit. Furthermore it helps UK companies by providing insurance to
exporters and guarantees to banks to share the risks of providing export finance. In addition, it
can make loans to overseas buyers of goods and services from the UK.
, Services:
➔ Secures UK exporters against non-payment by their overseas buyers
➔ Helps overseas buyers purchase goods and services from UK exporters by guaranteeing
or funding bank loans to finance purchases
➔ Shares credit risks with banks, which helps exporters raise tender and contract bonds, in
accessing pre- and post-shipment working capital finance and in securing confirmations
of letters of credit
➔ Insures UK investors in overseas markets against political risks
➔ UK Trade and Investment
UK Trade and Investment (UKTI) helps businesses export and grow into global markets. They
also help overseas companies locate and grow in the UK. The agency is available to help
businesses while we are leaving the EU. The UK trade and investment was replaced by the
department for international trade (DTI) in 2016. The department for international trade offers
support to UK businesses that trade internationally and also to overseas entrepreneurs wishing
to set up their businesses in the UK. Accessing support from Department for international Trade
saves businesses time, and also therefore money, as they are able to trade more quickly and
gain support to do so
Services:
Provide access to regional networks of international trade- which help businesses gain skills,
development and confidence to start exporting, and working closely with the global network of
UKTI advisers, they ensure businesses are given the best quality advices
They offer schemes- such as:
➔ high value opportunities, which gives businesses chance of winning large projects
overseas
➔ e-exporting, to help retailers and brands sell their products online
➔ Tradeshow access, providing grants to eligible businesses so they can attend overseas
event
➔ Overseas market introduction, offers tailored research from networks of overseas event
➔ Bidding for international aid agency projects
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