Exploring International Market

EXPLORING INTERNATIONAL MARKET

Table of Contents
EXPLORING INTERNATIONAL MARKET...............................................................................1
INTRODUCTION...........................................................................................................................3
P2: Threats and opportunities faced by SME in the global environment....................................5
LO2: ADAVNATAGES OF TRADING BLOCKS........................................................................6
P3: The advantages of international trading blocs and agreements............................................6
P4: Tariff and non-tariff barriers:................................................................................................7
LO3: IMPORTING AND EXPORTING PROCESS......................................................................8
P5: Advantages and disadvantages of importing and exporting..................................................8
P6: Merchandise and service imports and exports....................................................................10
LO4: WAYS SMEs CAN TAP INTO INTERNATIONAL MARKET.......................................10
P7: Methods in which SMEs can tap into international markets...............................................10
P8: Ways to maintain partnership with business:......................................................................12
CONCLUSION..............................................................................................................................12
REFERENCES................................................................................................................................1

INTRODUCTION
The business sector is considered to be one of the vast out of which any companies strive to be
the best out the lot number of the companies that are already making success. The SME which
refers to the small to medium enterprises are said to be the one that are in the line of
development starting from very small initiations that will bring about a great change when
implemented with all the requirements (Nzewi and et.al, 2017). It is important to understand the
concept of globalisation even before entering into the international market. There seems to be
different challenges that that are associated upon expanding globally. Good reputation is
necessary in order to drive across the atrocities the part come along the way for the SMEs.
Adaptation policies are required for a company in order to get habituated for the fact that they
will have to bring across the output that are in target. The entire report aims to bring forth the
global expansion measures and the strategies that are important for the company in order to excel
in the country where it is planning to expand. Nevertheless of all the struggles and the calamities
that are in the way of development the company will have to learn to adopt the policies of the
country where it is going to expand.
LO1: THE OPPORTUNITIES AND THREATS FOR FIRMS EXPOSED TO
AN INCREASINGLY GLOBALISED ENVIRONMENT
P1: Global business environment in which small and entrepreneurial businesses
There are different external factors through which the business environment will have to come
across. Every company will have to focus upon implementing strategies that will face the
internal as well as external factors. There seems to be strategies that are to be adopted with
regards to the policies that can deal with clients as the last the technological implementations. A
scope that will bring forth its suppliers as well as your organisation in two-point boundary will
help the host country to believe in the formula that the company is striving for (Gregory and
et.al, 2019). The country into which the company is going to expand is said to be consisting of
norms and policies that are to be followed and incorporated into the company such that whatever
comes in its way will have to be faced in a suitable manner such that it can maintain relation with
the locality and the country as well.

Challenges:
The kind of challenges that every small business will tackle will impact its growth prospect. The
responsibility of all the companies that plan to expand globally will have to be added in such a
manner that they swim across the global pressure that is created upon its operation. Here the
retailer Argos has incorporated into the norms and policies of the government that it has plan to
expand and therefore the challenges that are in its prospect are said to be first learnt and then
they are to be made as an objective to conquer. It is not until when the company considered its
challenges as some of the targets that are to be achieved then the company will therefore come
with the strategies that can deliver outcomes that are needed for it to with stand global pressure.
The same is done by the company Argos. Its business atmosphere is determined by compatibility
that the company has developed over the Global strategies.
Diversity:
Diversity will determine the entity of small businesses. The businesses that are intended to get
into the developing aspect in terms of global expansion will first have to focus upon the strategy
of expansion (Yang and Gabrielsson, 2017). This is mainly applicable to the entrepreneur that try
hard to achieve a good reputation from the government or the other entities where the company
is planning to expand. This is said to be a simplified version of recognition where every aspect
and talent of this small business will be recognised as one of the greatest achievement and this
can also push entrepreneurs forward for their deeds.
Virtual shopping carts, secure online payments and social media presence
The greatest deal that is associated with the businesses is the way they appear in the social media
and attribute towards maintaining the pace of secure online payments and virtual shopping. The
Argos retailer services has launched the process of online trading where people can purchase
items upon order and then can pay securely with the online transaction criteria.
Entrepreneurs in global business:
It sure is an immense task that is to be accomplished by expanding the company globally which
is associated with many difficulties and atrocities that come along the path that the company has
chosen in order to expand overseas (Rojas and Pineda, 2020). For small and medium companies
which are the SMEs they find it a little difficult if there is no proper base that can maintain
international partnerships. Some of the opportunities for entrepreneurs to expand globally are as
follows: