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International Business Environment : Report

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Added on  2020-07-22

International Business Environment : Report

   Added on 2020-07-22

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International Business Environment : Report_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Explain the international business environment in which a selected organisation operates..1P2 Describe the mechanisms that regulate international trade...............................................2P3 Describe how the environment and culture of another country affects a business operatinginternationally.........................................................................................................................3P4 Describe how the monetary environment affects businesses that operate internationally.5P5 Identify why businesses operate internationally...............................................................6P6 Explain the business strategies used by a business operating internationally...................7CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................9
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INTRODUCTIONIn this current time period, most of organisations wants to expand their business atinternational level due to enhance export and import level of products and goods. Internationalbusiness assist to provide several opportunities to society's persons as well as it plays significantrole in economic development. Moreover, this research project will be discussing aboutinternational business environment as well as culture and surrounding how to impacts uponinternational business, it will be defining in effective and efficient manner. In this light,monetary environment of country how will be impacting on it that will be explaining. It is veryimportant to properly analyse and identify the major factors, which will elaborating inappropriate way. TASK 1P1 Explain the international business environment in which a selected organisation operates.a) Explain what is meant by the term globalization? Globalisation is the process by which the world is becoming increasingly interconnectedas a result of massively increased trade and cultural exchange. Globalisation has increased theproduction of goods and services (Birkinshaw, 2011). The biggest companies are no longernational firms but multinational corporations with subsidiaries in many countries.b) Describe two factors that have led to the development of globalization.ContainerisationThe costs of ocean shipping have come down, due to containerisation, bulk shipping, andother efficiencies. The lower unit cost of shipping products around the global economy helps tobring prices in the country of manufacture closer to those in export markets, and it makesmarkets more contestable globallyTechnological changeRapid and sustained technological change has reduced the cost of transmitting andcommunicating information – sometimes known as “the death of distance” – a key factor behindtrade in knowledge products using web technologyc) Describe two advantages and two disadvantages of globalization.Benefits / Gains from Globalisation1
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