Unit 5 International Business

*Certified High Graded Work* Unit 5 International Business: M2 - Analyse the barriers of operating internationally for two contrasting businesses. B3 Barriers to international business • The reasons for protectionism in international markets, e.g. to protect infant industries, to protect employment/local business. • Methods for protecting markets, e.g. tariffs, customs duties, currency restrictions, quotas, subsidies, legal restrictions. • Barriers to trade, e.g. trade restrictions, ...

*Certified High Graded Work* Learning aim E: Examine the strategic and operational approaches to developing international trade E1 Strategies for operating internationally • Strategies for operating internationally, e.g. subsidiary businesses, joint ventures, partnerships, agencies, licensing, franchising, sub-contracting and outsourcing. • Reasons for using selected strategy, e.g. the speed of establishing operations, access to local business knowledge and expertise, cost control, risk c...

*Certified High Graded Work* Unit 5 International Business: M5 - Analyse the effectiveness of the strategies and resources used by a selected international business btec business level 3 national diploma

*Distinction Graded* Unit 5 International Business: D3 - Evaluate the impact of cultural differences on international business * BTEC Business level 3 National Diploma

*Distinction Graded* Unit 5 International Business: D4 - Evaluate the success of the strategies and resources used by a selected international business in one of its markets

Unit 5 international business - assignment 3 fully covers all criteria achieved to DISTINCTION

*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.