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The Impact of Finance and Environment on International Business. 3 MAIN BODY3

   

Added on  2021-02-19

8 Pages2012 Words290 Views
INTERNATIONAL ASPECTS OFBUSINESS

Table of ContentsINTRODUCTION ..........................................................................................................................3MAIN BODY...................................................................................................................................31.1 About International Business Environment..........................................................................31.2 Mechanism that controls international Trading....................................................................42.1 The impact of culture and environment on international business.......................................43.1 Impact of financial environment on international business..................................................54.1 The reasons behind international business............................................................................64.2 Strategies used by companies to operate at International level.............................................7CONCLUSION ...............................................................................................................................7REFERENCES................................................................................................................................9

INTRODUCTION International Business refers to trading in products or services, capital across the bordersof the country. It involves the transactions between two or more than two countries. There arevarious factors that has promoted the international business these are free trading in goods andservices of the companies, advancement in technology of production and transportation,communication etc. The Report will be based on Tesco. Tesco belongs to Retail Industry of UK.The company operates various convenience shops, supermarkets, superstores etc. It has varioussubsidiaries like Tesco Bank, Tesco Stores Ltd, Booker Group etc. The Report will providedetails of international environment, the impact of culture and environment on internationalbusiness, affect of financial environment on business, The Report will also outline the reasonbehind operating business at international level and strategies to operate international business(Morschett, Schramm-Klein and Zentes, 2015).MAIN BODY1.1 About International Business Environment.International business environment is a combination of several factors and issues such aspolitical risks, exchange risks, cultural differences & legal issues. It generally refers the trade andoperations of services, goods, technologies across national borders. On in other words it involvescross borders transactions of services & goods between 2 or more countries. Those companieswho have a worldwide approach to markets are called multinational enterprises. In this type,manager of companies has to face intense challenges which requires enough training andunderstanding of the foreign environment (Lasch, 2018).1.2 Mechanism that controls international Trading.There are various mechanisms developed by Government of UK that controlsinternational trade of companies. These are as follows -Tariffs –Integrated tariffs in UK is also known as The Tariff. The Department for InternationalTrade in UK is responsible for developing policies in respect of International Trade and it alsogoverns the imports of goods in the country. International Trade by Tesco will be govern by thetrade system developed by European Union (Kolk and Rivera-Santos, 2018).

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