International Business Operate Pdf
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Added on 2021-02-19
International Business Operate Pdf
Added on 2021-02-19
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International Business
Table of ContentsINTRODUCTION...........................................................................................................................3P1. Why two business operate in contrasting international market.......................................3P2. Types of finance available to international business are..................................................4P3. Main features of globalisation which affects the two businesses.....................................5P4. Trading blocs in the international market........................................................................6M1. The type of support the two companies are getting while operating internationally......7M2. Barriers which the two companies are facing : ..............................................................7D1. Impact of globalisation on business :..............................................................................7CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
INTRODUCTIONInternational business means to trade the goods, capital, technology, knowledge, servicesacross the world or at global level(Hamilton and Webster, 2018). The study has explained thatwhy the business operates internationally, types of finance which the business can get, mainfeatures of globalisation and its impact on business by taking example of two multinational i.e.,Sainsbury's and BP. The study also highlights the role of trading block in the international trade.P1. Why two business operate in contrasting international marketThe reason behind operating the business in international market is that the companieswant to expand their business in order to grow. The other reasons are generating more revenue,new investment opportunities,recruiting new talent, reducing cost and diversifying the business.Sainsbury's's Sainsbury's hold third position in the supermarket of UK. The company holds about16.9% share in the supermarket sector(Aluko, and Knight, 2017). Tesco has overtook theSainsbury's in order to become the market leader. The holding company of Sainsbury's plc. hasbeen split into three divisions i.e., Sainsbury's Bank, Sainsbury's Argos and Sainsbury's Argos.The company serves to more than 15 million consumers every week. The company has about150,000 co workers under them. The company has about 3,500 local dealers. As the Sainsbury's operates in multinational market the company has to face variouschallenges the company is facing huge competition by the online stores, now a days consumersare not shopping with the stores or supermarket their shopping behaviour has been changed fromtraditional marketing to online marketing, the other major challenge which the company isfacing internationally is the rise of competition in the market. Changing market demand is alsoone of the challenge which the company is facing(Sainsbury's Supermarket Ltd, 2019). The advantage which the company is getting by doing business internationally is that thecompany is expanding its business in developed country thus contributing to increase ineconomy of the country. BP British petroleum company plc is a multinational company providing its services acrossworld(Yemen and et.al., 2017). The headquarter of BP is in London, United Kingdom. It is sixthlargest company in terms of market capitalization and twelve in terms of revenue in the world.
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