Tapping into New and International Market

Tapping into new and
international market

Table of Contents
Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1) Explain the global business environments in which small and entrepreneurial businesses
operate....................................................................................................................................1
P2) Analyse the threat and opportunity that face SMEs in an increasingly competitive global
environment............................................................................................................................2
TASK 2............................................................................................................................................4
P3) Determine and analyse the advantage of international trading blocs and agreement......4
P4) Explain the various tariff and non-tariff barriers that exist in the international trading
environment............................................................................................................................5
TASK 3............................................................................................................................................6
P5) Determine that advantage and disadvantage of importing and exporting and how to secure
a deal.......................................................................................................................................6
P6) Explain the differences between merchandiser and service import and exports.............7
TASK 4............................................................................................................................................8
P7) Evaluate the various methods in which SME can tap into international market.............8
P8) Compare and contrast the various ways SMEs can tap into international market, assessing
the pros and cons of each method...........................................................................................8
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11

INTRODUCTION
International market will defines the overseas trading and it is used to get tap into the new
and the international market and with that the business have work with the target to get achieve
higher sales and more profit. It is the concept that is more relative to the growth by inducing
more efforts in the export and import while covering the international regions. The major aim of
the report is to make better understanding of international surround that will have generate more
opportunity for the new business but with that there are some of the threat as well (Aliasghar,
2018). This report is based on the Barclays Company that will provide the financial services to
the people have having the headquartered in London, UK. This report includes the global
business environment to operate the small and the entrepreneurial businesses, threat and
opportunity that is faced by SME to enhance competitive global environment, advantage of
international blocks and agreement, various tariff and non tariff barriers, advantage and
disadvantage of importing and exporting, difference between merchandiser and export and
import services, various method to tap into international market with pros and cons.
TASK 1
P1) Explain the global business environments in which small and entrepreneurial businesses
operate.
Europe is a region of UK, that has been followed the different economic benefits and
having the better political stability as well. In addition to this there are some challenges as well
that is faced by the UK government and they have been worked to make more diverse changes
for the betterment of the country and with that they have always look forwards to get generate
more facilities. Thus the UK government must have always tried to make possible that the small
businesses will measure more growth and diverse more authority as well. It has been generate
and with that in return they have always develop more values and manage the flow of funds
under which they have been act as the backbone of economy of UK. The small business makes
huge contribution to get developed the better GDP and also provide more job facility as well
under which the employment will also get developed (Brace, 2018). UK has the sixth largest
economic generator in world and they will get in the lead to the contribution of the private sector.
UK is one of the most versatile and globalised country that is the epicentre in context of finance.
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The service sector of the UK will make the contribution of around 80% in the net GDP rate and
it includes the small medium enterprise.
The SMEs are the businesses that will operate all their functions at smaller scale and have
covered the limited regions and operate the basic operation at their only. In addition to this, the
small business of the UK have comprises of the less than 50 number of employee and have
generate the revenue of the less than 10 million pounds (Ivashchenko, 2019) The medium
enterprises have worked with the less than 250 number of the employee and have generated the
net revenue of less than 50 million pounds. These are the different companies or enterprises that
have performed their work on global environment and under that they have import different
products and the services to provide better services to the customer. Moreover, they have also
performed the export as well and in that they get export or provide their manufactured goods and
services to the other areas of the world. The entrepreneurial venture and the SMEs have made
huge support to the UK government as they have around 98% of the business that will get
covered by the SMEs. They have worked with the motive to provide 1 pound for the each 3
pound that will in totality that will get generated by these SMEs (UK’s global business
environment, 2011). The maximum of the export that is performed by the SME is all around the
borders of the Europe. The largest SMEs of UK will performed the export to the nearby location
of Europe as like Netherland, France, Spain and many others as well. They have performed this
because of the transportation cost will get reduces and after the impact of Brexit they have pay
the minimum cost and earn more profit.
The UK, SMEs have perform the trading as from the shared bordered countries as like
Africa, America and the Asia as well. It is the opportunity that will get developed and by this the
positive impact on the GDP will get affected and the new income of the UK will also get raised.
P2) Analyse the threat and opportunity that face SMEs in an increasingly competitive global
environment.
Global business environment and the influence of key global drivers
The global business environment has more activeness and that is more due to the
different external factors of an environment of the UK (Jancenelle, 2018). As per the recent
scenarios after the Brexit and thus the change in the different factors will get inserted and by this
UK government have made a lot of policies. The SMEs have got more freedom in aspect of the
UK governance and by which they have make their trading in other relative country in the
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