- Economic value of international trade (to individual businesses, to the economy);
- Imports; exports;
- Balance of trade;
- Balance of payments;
- Value of world trade;
- Trends;
- Globalisation;
- Multinational corporations;
- Competition;
- Economies of scale;
- Labour movement;
- Foreign investment;
- Developing countries.
- Free trade; barriers to trade;
- Embargoes; quotas; tariffs;
- Economic blocs, e.g. European Union;
- World Trade Organization (WTO)
Example: Finance of International Trade
Assignment 1: The international business environment
Task 1: (Individual activities): You have been asked to write a report on how International Business Environment can benefit an organisation as well as the challenges that are faced. You need to look at the role of the Government in helping international trade as well as the potential problems that can be faced.
1.1: Explain the international business environment in which a selected organisation operates.
1.2: Describe the mechanisms that regulate international trade.
1.3: Assess the methods to increase trade between countries and the methods to restrict trade between countries.
1.4: Evaluate the potential problems faced by businesses that trade internationally when entering new markets.
Assignment 1: The international business environment
Task 1: (Individual activities): You have been asked to write a report on how International Business Environment can benefit an organisation as well as the challenges that are faced. You need to look at the role of the Government in helping international trade as well as the potential problems that can be faced.
1.1: Explain the international business environment in which a selected organisation operates.
- Consider the importance of international business to a selected small multinational organisation and to the economy.
- Look at data on the value and volume of activity together with recent trends in activity.
- National data needs to be considered together with evidence of the significance of international activity for specific organisations.
- Both import and export information needs to be explored as different international business are involved with both of these activities
1.2: Describe the mechanisms that regulate international trade.
- The factors that encourage and/or restrict international trade need to be reviewed.
- A variety of mechanisms exist.
- For example membership of the EU alongside non-membership of European
- Monetary Union, could be considered in relation to the international business
- environment.
1.3: Assess the methods to increase trade between countries and the methods to restrict trade between countries.
1.4: Evaluate the potential problems faced by businesses that trade internationally when entering new markets.
- This task is to be submitted by Friday 21th November 2014
- This task provides evidence for P1, P2, M1 and D1
