Distinction BTEC Business Unit 5 Assignment 1 - Why Trade Internationally
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Course
Unit 5 - International Business
Institution
PEARSON (PEARSON)
This is the full BTEC Business Unit 5 Assignment 1 - Why Trade Internationally Coursework document. This candidate received a Distinction mark for this assignment. Please do not copy this assignment and submit as your own, as you will risk being disqualified from the course
PLEASE DO NOT COPY THIS COURSEWORK AND
SUBMIT AS YOUR OWN, YOU MAY RISK BEING
DISQUALIFIED FROM THE COURSE, YOU CAN
ONLY USE IT FOR HELP WITH YOUR OWN
, Unit 5 Assignment 1
Contents
Introduction...........................................................................................................................................3
Importing when Trading Internationally................................................................................................3
Exporting when Trading Internationally................................................................................................3
Multinational Businesses vs Associated Business..................................................................................3
Developed, Developing and Less Developed Countries.........................................................................3
Amazon.com and Why They Trade Internationally................................................................................4
McDonald’s and Why They Trade Internationally..................................................................................5
Methods of Finance Available to Finance International Trade..............................................................6
Prepayment to Importer....................................................................................................................6
Letters of Credit.................................................................................................................................6
Export Credits....................................................................................................................................6
Bank Loans.........................................................................................................................................7
Support Available for International Businesses.....................................................................................7
Chambers of Commerce....................................................................................................................7
UK Export Finance..............................................................................................................................7
Department for International Trade..................................................................................................7
Regional Advisory Organisations........................................................................................................7
Open to Export..................................................................................................................................8
Trade Fairs.........................................................................................................................................8
Identifying International Partners......................................................................................................8
Grants for International Promotions..................................................................................................8
Support Agencies that Amazon and McDonald’s Use........................................................................8
Globalisation..........................................................................................................................................9
Trading Blocs.......................................................................................................................................10
The World Trade Organization (WTO).............................................................................................10
Customs Unions and Common Markets (EU and Mercosur)............................................................10
The European Union (EU)............................................................................................................10
Mercado Común del Sur (Mercosur)............................................................................................11
North American Free Trade Area (NAFTA).......................................................................................11
Asia Pacific Economic Cooperation (APEC)......................................................................................11
Amazon and McDonald’s Operating Trading Blocs..........................................................................12
Analysis of the Barriers to Amazon and McDonald’s Operating Internationally..................................12
Protectionism..................................................................................................................................12
Reasons for Protectionism in International Markets.......................................................................13
, Unit 5 Assignment 1
Protectionist Measures....................................................................................................................13
Barriers to Trade..............................................................................................................................14
Analysis of the Most Successful Business in the Past 10 Years............................................................14
References...........................................................................................................................................15
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