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International Business Assignment : Tesco

   

Added on  2021-02-19

8 Pages1817 Words322 Views
International aspects ofBusiness

INTRODUCTION...........................................................................................................................11.1 International Business environment in which Tesco operates...............................................11.2 Mechanism which regulates international trade....................................................................12.1 Environment and Culture of other country affecting business operations internationally....23.1 Effects of financial environment on business operating internationally...............................34.1 Why business operates internationally..................................................................................34.2 Strategies used by a business operating internationally........................................................4CONCLUSION................................................................................................................................4REFERENCES................................................................................................................................6

INTRODUCTIONInternational Businesses mainly focuses on the various commercial activities which take place inorder to promote the exchange of goods and services, resources, ideas, peoples and varioustechnologies across the national boundaries of a country (Shenkar, Luo and Chi, 2014). Thisreport contains the detailed information about the international environment in which Tescooperate its business activities. It also describes the mechanism which regulates the internationaltrade. The report contains the evaluation which shows that how environment and culture of othercountries affect the business which operates internationally and also describes the financialenvironment which affects these internationally operating businesses. This report also evaluatesthe business strategies which are used by the business which operates internationally.1.1 International Business environment in which Tesco operatesInternational Business Environment: It is knowns as a multidimensional whichincludes various factors such as political risks, difference in cultures, legal & taxation issues,exchange risks. Therefore, International business environment includes the political, regulatory,economic, social & cultural, legal, tax and technological environments. The main social andcultural factors which affect business operating internationally are the education, language,customs, values and social relationships. These relationships comprise of various interactionsamong, labour unions, families and various organisations. Tesco expended its operations in 11 other countries outside the UK in the world.Currently more than two third of its floor space is now outside the UK. In the year 1990 after theunsuccessful expansion in France it began its expansion in various emerging markets mainlyfocusing on Southeast Asia and Eastern Europe. Its international expansion strategy reacted toneeds of the local expectations to be more sensitive. It also entered in to various joint ventureswith the local partners, which includes the Charoen Pokphand in Thailand and Samsung Groupin South Korea.1.2 Mechanism which regulates international tradeImportance to regulate international trade: It is the exchange of services and goodsalong the various international borders. In this type of trade practices, it allows a greatercompetition between the competitors along with the extensive competitive pricing in the marketfor the similar product. This type of competition results in the availability of the products by the1

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