Unit 5 International Business (720 GLH)

*Certified High Graded Work* Unit 5 International Business: P6 - Explain how business support systems enable a selected business to trade internationally. C2 International business support systems • The influence of the internet, e.g. speed and ease of communication, changes to business processes. • International payment methods, e.g. cash in advance, letters of credit, open account, consignment, international credit cards, international bank transfers, commercial payment systems.

*Certified High Graded Work* *New*Unit 5 International Business:P5 - Explain the external factors that influence a selected business considering trading internationally. Learning aim C: Investigate the external factors that influence international businesses - C1 External influences • Factors that influence international business: political, economic, social, technological, legal and regulatory, environmental and ethical factors. • Impact of factors using situational analysis.

*Certified High Gra Unit 5 International Business: M4 - Analyse how cultural differences affect international businesses. ded Work*

*Certified High Graded Work* *NEW* Unit 5 International Business: P4 - Explore the role of trading blocs on international trade. B2 International trading blocs • World Trade Organization (WTO). • Customs unions and common markets, e.g. European Union (EU), Mercosur (South American nations). • Free-trade areas such as North American Free Trade Area (NAFTA), Asia-Pacific Economic Cooperation (APEC).

*Certified High Graded Work* Unit 5 International Business: P7 - Explore the cultural differences affecting international businesses Learning aim D: Investigate the cultural factors that influence international businesses D1 Cultural factors • Cultural factors, e.g. language, ethnic make-up of populations, social structures, religion, values, attitudes to business, attitudes to work, openness to change. D2 Impact of cultural factors • The impact of cultural factors on international busin...

Unit 5 International Business: D1 - Evaluate the impact of globalisation on a business.

*Certified High Graded Work*: Unit International Business: P2 - Explain the types of finance available for international business. A2: Financing of international business • Methods used to finance international trade, e.g. prepayment by the importer, letters of credit, export credits, bank loans.

*Certified High Graded Work* Unit 5 International Business: P3 - Explain the main features of globalisation that affect two contrasting businesses. Learning aim B: Investigate the international economic environment in which business operates B1 Globalisation • The main features of globalisation, e.g. trading blocs, international mobility of labour and capital, international currencies, multinational corporations, international business communications, international payment systems.

Explain why two businesses operate in contrasting international markets (Unit 5 International Business P1 )( BTEC Business)