International Business

Aim and purpose

The aim of this unit is to introduce learners to the role played by international business. The importing and exporting of goods and services are important economic activities to any economy. Learners will study national and international businesses and the framework in which they operate.

Learning outcomes

On completion of this unit a learner should:

1 Understand the international business environment

2 Know how cultural differences affect international business

3 Know how international business is financially supported

4 Understand the strategies used by international businesses.

Assessment

P1 explain the international business environment in which a selected organisation operates

M1 assess the methods to increase trade between countries and the methods to restrict trade between countries

D1 evaluate the potential problems faced by businesses that trade internationally when entering new markets

P2 describe the mechanisms that regulate international trade

P3 describe how the environment and culture of another country affects a business operating internationally

M2 compare how cultural differences and foreign business environments affect multi-national corporations.

D2 evaluate the impact of cultural differences on international business performance in the international market.

P4 describe how the monetary environment affects businesses that operate internationally

P5 identify why businesses operate internationally

P6 explain the business strategies used by a business operating internationally.