Pearson BTEC • Business 2016 NQF

*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...

*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: 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 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* *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: 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.

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

*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 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.