Unit 5 International Busi
Learning Aim C+D
,Table of Contents
Learning Aim C: Investigate the external factors that influence international business.............................................
P5 Explain the External Factors that influence a selected business considering trading internationally....................
M3 Carry out a Situational analysis on two countries a selected business may operate in........................................
Introduction:...............................................................................................................................................................
North Korea........................................................................................................................................................................
McDonald’s.........................................................................................................................................................................
Iceland study...................................................................................................................................................................
Political Factors...............................................................................................................................................................
Economic Factors................................................................................................................................................................
Social Factors..................................................................................................................................................................
Legal Factors...................................................................................................................................................................
North Korea study.......................................................................................................................................................
Political Factors...............................................................................................................................................................
Economic Factors............................................................................................................................................................
Social Factors..................................................................................................................................................................
Technological Factors.................................................................................................................................................
Legal Factors...............................................................................................................................................................
Environmental Factors................................................................................................................................................
Ethical.................................................................................................................................................................................
Strengths.....................................................................................................................................................................
Weaknesses................................................................................................................................................................
Opportunities..............................................................................................................................................................
Threats........................................................................................................................................................................
Iceland Analysis..................................................................................................................................................................
P6 Explain how business support systems enable a selected business to trade internationally.....................................
In this study I will be base my selected business as McDonalds this is because it used internet, letter of credit etc to
Internet...........................................................................................................................................................................
International Payment Methods Available.................................................................................................................
Letters of Credit..........................................................................................................................................................
Open Account.............................................................................................................................................................
Consignment...............................................................................................................................................................
International Credit Cards...........................................................................................................................................
International Bank Transfers.......................................................................................................................................
Commercial Payment Systems....................................................................................................................................
Learning Aim D : Investigate the cultural factors that Influence International Business................................................
P7 Explore the cultural differences affecting international business..........................................................................
, Learning Aim C: Investigate the external factors that influence int
P5 Explain the External Factors that influence a selected business
internationally
M3 Carry out a Situational analysis on two countries a selected bu
In this report I will write a article about a business that could be a
international trade in the two selected country’s that I have chose
Korea.
Introduction:
Iceland is a country in Europe. It currently, doesn’t have McDonald’s. It currently,
According to www.worldometers.info it reports that “ A Total Fertility Rate (TFR) o
Level Fertility: the average number of children per woman needed for each gener
without needing international immigration. A value below 2.1 will cause the nativ
shows that Iceland have a low growth of population future. Iceland is a democrati
Iceland is Halla Tómasdóttir she is the 7th president of Iceland. 2 The Government
Iceland is closely connected to other European countries in a historical, political, a
Iceland is not a member of the European Union (EU), its relation to the EU is main
which came into effect in 1994. The member states of the European Union (EU) a
economic partners and the majority of Icelanders working and studying abroad, d
the European Economic Area (EEA Agreement) is therefore a vital part of Iceland’
Agreement unites the EU member states and the three EFTA EEA states (Iceland,
single market governed by the same basic rules. These rules cover the so- called f
goods, capital, services and persons, and competition rules. 3 This shows that Icel
This benefits Iceland as through Iceland having good relations with the EU and it b
market it can have economic growth.
North Korea
North Korea is located in East Asia were it is estimated by worldmeters.info
population is estimated at 26,498,823 people at mid year. 4 This country i
supreme leader is Kim Jong Un. This country is hostile to the UK were the U
that “North Korea’s borders have been closed to general entry since the go
border restrictions in 2020. The government has recently started to relax t
some embassies have resumed normal operations and some limited touris
North Korean government has not resumed all passenger routes into and o
embassies – including the British Embassy in Pyongyang – remain closed…
have previously detained foreign nationals for allegedly violating local laws
support from their governments. The few British people who visit North Ko
Learning Aim C+D
,Table of Contents
Learning Aim C: Investigate the external factors that influence international business.............................................
P5 Explain the External Factors that influence a selected business considering trading internationally....................
M3 Carry out a Situational analysis on two countries a selected business may operate in........................................
Introduction:...............................................................................................................................................................
North Korea........................................................................................................................................................................
McDonald’s.........................................................................................................................................................................
Iceland study...................................................................................................................................................................
Political Factors...............................................................................................................................................................
Economic Factors................................................................................................................................................................
Social Factors..................................................................................................................................................................
Legal Factors...................................................................................................................................................................
North Korea study.......................................................................................................................................................
Political Factors...............................................................................................................................................................
Economic Factors............................................................................................................................................................
Social Factors..................................................................................................................................................................
Technological Factors.................................................................................................................................................
Legal Factors...............................................................................................................................................................
Environmental Factors................................................................................................................................................
Ethical.................................................................................................................................................................................
Strengths.....................................................................................................................................................................
Weaknesses................................................................................................................................................................
Opportunities..............................................................................................................................................................
Threats........................................................................................................................................................................
Iceland Analysis..................................................................................................................................................................
P6 Explain how business support systems enable a selected business to trade internationally.....................................
In this study I will be base my selected business as McDonalds this is because it used internet, letter of credit etc to
Internet...........................................................................................................................................................................
International Payment Methods Available.................................................................................................................
Letters of Credit..........................................................................................................................................................
Open Account.............................................................................................................................................................
Consignment...............................................................................................................................................................
International Credit Cards...........................................................................................................................................
International Bank Transfers.......................................................................................................................................
Commercial Payment Systems....................................................................................................................................
Learning Aim D : Investigate the cultural factors that Influence International Business................................................
P7 Explore the cultural differences affecting international business..........................................................................
, Learning Aim C: Investigate the external factors that influence int
P5 Explain the External Factors that influence a selected business
internationally
M3 Carry out a Situational analysis on two countries a selected bu
In this report I will write a article about a business that could be a
international trade in the two selected country’s that I have chose
Korea.
Introduction:
Iceland is a country in Europe. It currently, doesn’t have McDonald’s. It currently,
According to www.worldometers.info it reports that “ A Total Fertility Rate (TFR) o
Level Fertility: the average number of children per woman needed for each gener
without needing international immigration. A value below 2.1 will cause the nativ
shows that Iceland have a low growth of population future. Iceland is a democrati
Iceland is Halla Tómasdóttir she is the 7th president of Iceland. 2 The Government
Iceland is closely connected to other European countries in a historical, political, a
Iceland is not a member of the European Union (EU), its relation to the EU is main
which came into effect in 1994. The member states of the European Union (EU) a
economic partners and the majority of Icelanders working and studying abroad, d
the European Economic Area (EEA Agreement) is therefore a vital part of Iceland’
Agreement unites the EU member states and the three EFTA EEA states (Iceland,
single market governed by the same basic rules. These rules cover the so- called f
goods, capital, services and persons, and competition rules. 3 This shows that Icel
This benefits Iceland as through Iceland having good relations with the EU and it b
market it can have economic growth.
North Korea
North Korea is located in East Asia were it is estimated by worldmeters.info
population is estimated at 26,498,823 people at mid year. 4 This country i
supreme leader is Kim Jong Un. This country is hostile to the UK were the U
that “North Korea’s borders have been closed to general entry since the go
border restrictions in 2020. The government has recently started to relax t
some embassies have resumed normal operations and some limited touris
North Korean government has not resumed all passenger routes into and o
embassies – including the British Embassy in Pyongyang – remain closed…
have previously detained foreign nationals for allegedly violating local laws
support from their governments. The few British people who visit North Ko
