International Business Environment of Tesco : Assignment

Added on - 21 Jul 2020

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INTERNATIONALBUSINESSTable of Contents
INTRODUCTION...........................................................................................................................1TASKS.............................................................................................................................................1P1 Explain the international business environment in which Tesco operates.............................1P2 Describe the mechanisms that regulate international trade....................................................2P3 How the environment and culture of another country affects a business...............................3P4 How the monetary environment affects businesses that operate internationally...................4P5 Identify why businesses operate internationally.....................................................................5P6 Explain the business strategies used by a business operating globally..................................5CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
INTRODUCTIONInternational business is a term that is used to describe any business transaction between twoor more regions or countries. Many businesses operate internationally to attract more custom andexpand their organisations to increase the income the business is taking. International businesscan include importing and exporting of products, sales, investments and many more.International business is essential not only to give businesses more opportunities but also toboost the economy (Beamish, 2013). The present report is based on Tesco which is retailindustry and this perform their operations in both global as well as domestic market. In thiscontext, report explain the mechanism that is used by organization in order to perform their tradeworldwide and cultural factors. Along with this, it explains some strategies which help anenterprise in performing well.TASKSP1 Explain the international business environment in which Tesco operatesGlobalization is a process by which businesses or other organizations develop internationalinfluence or start operating on an international scale. This is used to eliminate the barriers totrade, communication, and cultural exchange. A variety of factors have contributed to the processof globalisation like containerisation, technological change, economies of scale, differences intax systems, less protectionism, growth strategies of transnational and multinational companies(Jenkins, 2013).Advantages of globalisation:Encourages producers and consumers to benefit from deeper division of labour andeconomies of scale.Competitive markets reduce monopoly profits and incentivise businesses to seek cost-reducing innovations.Advantages from the freer movement of labour between countries.Gains from the sharing of ideas / skills / technologies across national borders.Disadvantages of globalisation:Free trade simply kills competition by letting the developed countries surpass the poorones. It is namely the globalization which lead to an even wider discrepancy in wealthdistribution.1
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