Unit 5 International Business (720 GLH)

*Certified High Graded Work* Unit 5 International Business: M3 - Carry out a situational analysis on two countries a selected business may consider trading in. btec business level 3 national diploma

*Distinction Graded* Unit 5 International Business: D2 - Recommend one country that a selected business could target for international trade, justifying your decision

*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, Chambers of Commerce, regional advisory organisations. • Types of support provided, e.g. UK Export Finance Advisors, trade fairs, identifying international partners, grants for international promotio...

*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.

This assignment was awarded the distinction grade for the Level 3 BTEC Business course by Pearson. The company this assignment focuses on is Innocent Drinks and begins with a brief company history and introduction. It also contains references at the end. This assignment will fully discuss, explain, analyse, and evaluate all of the relevant criteria to achieve the best marks. These criteria that are covered are: -Explain the external factors that influence a selected business considering...

*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...