3) Unit 5 - Assignment 1 - Guidelines

P e a r s o n BT E C L e v e l 3 N a t ional Extended D i p l o m a i n Business P e a r s o n BT E C L e v e l 3 N a t ional D i p l o m a i n Business Unit 5 – International Business Unit 5 – Assignment 1 Guidelines Deadline Date: 23.11.2023Page 1 – Title page

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Font style, font size and font colour – Calibri, size 12, black.

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Student Name and ID number.

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Unit number and name.

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Assignment tle.

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Assignment number.

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Include an appropriate image.

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EXAMPLE OF A FRONT PAGEJoe BloggsS1234567Unit 5 – Internaonal BusinessWhy trade internaonally?Assignment 1

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Page 2 - IntroduconThis will tell the audience what you are wring about. You will introduce the topic which you can reword from the assignment brief. You need to explain that you will research and collect informaon on two contrasng internaonal businesses and use this report to explain why they have become so successful.Example of an introducon:The purpose of this report will be to thoroughly conduct comprehensive research on thetwo chosen businesses. The following factors will also be assessed within each organisaon:scope, size, ownership, and sector. The author will complete thorough research on whatmakes a business successful and how to improve on the overall expansion of theacknowledgment within a parcular market. As well as this, the author will invesgate theadvantages and disadvantages on the two contrasng organisaons and how customers’expectaons will be met. Once this is complete, an evaluaon will be formed based on ofhow each business constructs their relaonship and builds their communicaons withstakeholders to support the business in achieving its aim and purpose.

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Secon 1: This is for 2 contrasng businesses.P1 - Explain why two businesses operate in contrasng internaonal markets.What is the operaon of each business? This should include the: Structure, acvies, and chosen market. Include the following: Exporng businesses, imporng businesses, mulnaonal enterprises, and associated businesses e.g., Logiscs and Markeng for both of your businesses.The reasons each conducts business internaonally. Include the following: Growth, addional revenue stream, brand exploitaon, access to newmarkets, diversicaon, increasing market share, market leadership, comparave advantage, economics of scale, Fiscal benets, and tax rates. P2 - Explain the types of nance available for internaonal business.The types of nance available to each. Methods used to nance internaonal trade: Prepayment by the importer, leer of credit, export credits and bank loans.

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Secon 2: This is for 2 contrasng businesses. P4 - Explore the role of trading blocs on internaonal trade.The role of trading bloc on internaonal Trade. World Trade Organizaon (WTO). Customs unions and common markets, e.g., European Union (EU), Mercosur (South American naons). Free-trade areas such as North American Free Trade Area (NAFTA), Asia-Pacic Economic Cooperaon (APEC). (P4)P3 - Explain the main features of globalisaon that aect two contrasng businesses.The main features of globalisaon that eect each business. The main features of globalisaon, e.g., trading blocs, internaonal mobility of labour and capital, internaonal currencies, mulnaonal corporaons, internaonal business communicaons, internaonal payment systems. (P3)M2 - Analyse the barriers to two contrasng businesses of operang internaonally.An analysis of the barriers to each of operang internaonally. The reasons for proteconism in internaonal markets, e.g., to protect infant industries, to protect employment/local business. Methods for protecng markets, e.g., taris, customs dues, currency restricons, quotas, subsidies, legal restricons. Barriers to trade, e.g., trade restricons, exchange rate volality, legal and regulatory systems, nancial requirements, operang risks, economic sancons. (M2)

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Secon 3: This is for 1 business only. D1 - Evaluate the impact of globalisaon on a business.An evaluaon of the impact of globalisaon on the business over the last 5 -10 years, considering all the relevant factors. (D1)

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Research Log

DateSourceTopicExample:16/09/2023

Example:

hps://corporate.asda.com/our-story/our-historyExample:Background of ASDA, purpose, size, scale

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Examples of some businesses that trade internaonally:

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Tesco

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JD

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Coca Cola

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Apple

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Nike

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Rolls Royce

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Primark

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Sports Direct

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Jaguar Land Rover

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Starbucks

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Disney

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