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M3 Situational analysis on two countries a selected business may consider trading in

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Added on  2020-10-05

M3 Situational analysis on two countries a selected business may consider trading in

   Added on 2020-10-05

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INTERNATIONALBUSINESS
M3 Situational analysis on two countries a selected business may consider trading in_1
Table of ContentsINTRODUCTION...........................................................................................................................3M3 Situational analysis on two countries a selected business may consider trading in.............6D2 Recommending one country for international trade along with justification........................8P7 Explore the cultural differences affecting international businesses.......................................8D3 Impact of cultural differences on international business.....................................................10M4 Analyse how cultural differences affect international businesses......................................11CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
M3 Situational analysis on two countries a selected business may consider trading in_2
M3 Situational analysis on two countries a selected business may consider trading in_3
INTRODUCTIONInternational business refers to the act of country to trade in global markets other than thehome country. It can be seen as a lucrative opportunity for organisations to facilitate businessgrowth and expansion, thereby, expanding the share in marketplace (Meyer and Peng, 2016).The present report is based on Tesla which is one of the leading automobile companies across theglobal market.P5. Explain the external factors that influence a selected business considering tradinginternationallyFor everything a business organisation, it has been analysed that external factors plays acrucial role which mainly influence upon its operations or strategies developed in order to gaincompetitive advantages. Without proper analysis of the external environment it can be said that acompany cannot sustain for a longer period of time frame just because there are many businessorganisations within a sector that are performing well considering all the changes. In the sameway, it is also required for Tesla to examine the external environment in order to to graphcompetitive advantages or to enhance profit margins (Cravino and Levchenko, 2017). This mayalso help in trading internationally through enhancing the number of stores of Tesla in all overthe world. In order to identify the the influence of the external factors on test last performancewhile trading internationally, pestle analysis has been done underneath:PEST AnalysisPolitical Factors: One of the crucial part linked to external environment that is politicalwhich mainly involves influence of governmental policies related to taxes and others that mightimpact upon of business organisations operations. This mainly identifies governmental impactson businesses and their remote or macro-environment. Governmental entities are among themain societal forces that affect businesses and industries. For example, policies on trade can limitindustry performance and the company’s revenues. In this external analysis case, the followingpolitical external factors are significant to Tesla and the automotive and energy solutionsindustries: Governmental incentives for electric automobiles (opportunity), New global tradeagreements (opportunity) and Political stability in the majority of major markets (opportunity).Since the business organisation that is Tesla performing its operations and manufacturingelectronic cars through using renewable resources, government has offered range of benefits forthis organisation in order to trade at global level which involves low Interest rates (Zander,4
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