Student Name: William Axelby Student Number: 729869
Unit 5 International
Business – Assignment 1
Why trade internationally?
By William Axelby
1|Page
,Student Name: William Axelby Student Number: 729869
(https://www.broadbandchoices.co.uk/features/vodafone-gigacube-everything-you-need-to-know [Online] by Jonathan
Leggett 20/03/20)
(https://www.innocentdrinks.co.uk/ [Online] 01/02/21)
CONTENTS PAGE:
Bibliography………………………………………………………………………….3
Introduction……………………………………………………………………………5
Methods used to finance international trade…………………………………….7
1. Advanced Payments 2. Letters of Credit 3. Exporting Credit
4. UK Export Finance 5. Bank Loans 6. Department for international trade
7. Chambers of commerce
Globalisation………………………………………………………………………….11
1. Multinational corporations 2. International business communications
3. The international mobility of labour 4. The international mobility of
Capital 5. International payment systems
Trading Blocs………………………………………………………………………….15
1. The world trade organisation 2. The European Union 3. Mercosur
4. Free trade areas 5. North America free trade agreement 6. Asia Pacific
economic corporation
Methods for protecting markets………………………………………………….18
2|Page
, Student Name: William Axelby Student Number: 729869
1. Tariffs 2. Quotas 3. Custom Duties 4. Currency Restrictions 5. Legal
restrictions 6. Subsidies
Barriers to trading…………………………………………………………………….21
1. Volatile exchange rates 2. Legal and regulatory systems
Impact of globalisation on Vodafone……………………………………………….23
Conclusion……………………………………………………………………………….2
Bibliography:
M1 - Agencies that support international business - Google Docs
P3 - Capital Mobility and Immobility - Economics Help
P4 - European Union GDP | 1966-2019 Data | 2020-2021 Forecast | Historical |
Chart | News (tradingeconomics.com)
M2 - Examples of calculating import duties and taxes - Finnish Customs (tulli.fi)
M1 - Finance, Banking & Insurance | Industry Expertise | Vodafone
M2 - Finance: Chapter 110-1: Exchange Rate Volatility and Risk
(internationalecon.com)
P4 - Free Trade Area - Overview, Advantages and Disadvantages
(corporatefinanceinstitute.com)
P2 - https://www.gov.uk/guidance/letters-of-credit-for-importers-and-exporters
M1 - https://www.gov.uk/government/organisations/department-for-international-
trade/about/statistics
M1 - https://www.great.gov.uk/get-finance/
P3 - Help sheet - Globalisation - Google Docs
3|Page
Unit 5 International
Business – Assignment 1
Why trade internationally?
By William Axelby
1|Page
,Student Name: William Axelby Student Number: 729869
(https://www.broadbandchoices.co.uk/features/vodafone-gigacube-everything-you-need-to-know [Online] by Jonathan
Leggett 20/03/20)
(https://www.innocentdrinks.co.uk/ [Online] 01/02/21)
CONTENTS PAGE:
Bibliography………………………………………………………………………….3
Introduction……………………………………………………………………………5
Methods used to finance international trade…………………………………….7
1. Advanced Payments 2. Letters of Credit 3. Exporting Credit
4. UK Export Finance 5. Bank Loans 6. Department for international trade
7. Chambers of commerce
Globalisation………………………………………………………………………….11
1. Multinational corporations 2. International business communications
3. The international mobility of labour 4. The international mobility of
Capital 5. International payment systems
Trading Blocs………………………………………………………………………….15
1. The world trade organisation 2. The European Union 3. Mercosur
4. Free trade areas 5. North America free trade agreement 6. Asia Pacific
economic corporation
Methods for protecting markets………………………………………………….18
2|Page
, Student Name: William Axelby Student Number: 729869
1. Tariffs 2. Quotas 3. Custom Duties 4. Currency Restrictions 5. Legal
restrictions 6. Subsidies
Barriers to trading…………………………………………………………………….21
1. Volatile exchange rates 2. Legal and regulatory systems
Impact of globalisation on Vodafone……………………………………………….23
Conclusion……………………………………………………………………………….2
Bibliography:
M1 - Agencies that support international business - Google Docs
P3 - Capital Mobility and Immobility - Economics Help
P4 - European Union GDP | 1966-2019 Data | 2020-2021 Forecast | Historical |
Chart | News (tradingeconomics.com)
M2 - Examples of calculating import duties and taxes - Finnish Customs (tulli.fi)
M1 - Finance, Banking & Insurance | Industry Expertise | Vodafone
M2 - Finance: Chapter 110-1: Exchange Rate Volatility and Risk
(internationalecon.com)
P4 - Free Trade Area - Overview, Advantages and Disadvantages
(corporatefinanceinstitute.com)
P2 - https://www.gov.uk/guidance/letters-of-credit-for-importers-and-exporters
M1 - https://www.gov.uk/government/organisations/department-for-international-
trade/about/statistics
M1 - https://www.great.gov.uk/get-finance/
P3 - Help sheet - Globalisation - Google Docs
3|Page
