Pearson Edexcel • Business 2016 NQF

*Distinction Graded* Unit 5 International Business: D4 - Evaluate the success of the strategies and resources used by a selected international business in one of its markets

*Certified High Graded Work* Unit 5 International Business: M5 - Analyse the effectiveness of the strategies and resources used by a selected international business btec business level 3 national diploma

*Certified High Graded Work* Learning aim E: Examine the strategic and operational approaches to developing international trade E1 Strategies for operating internationally • Strategies for operating internationally, e.g. subsidiary businesses, joint ventures, partnerships, agencies, licensing, franchising, sub-contracting and outsourcing. • Reasons for using selected strategy, e.g. the speed of establishing operations, access to local business knowledge and expertise, cost control, risk c...

*Distinction Graded* Unit 5 International Business: D3 - Evaluate the impact of cultural differences on international business * BTEC Business level 3 National Diploma

*Certified High Gra Unit 5 International Business: M4 - Analyse how cultural differences affect international businesses. ded Work*

*Certified High Graded Work* Unit 5 International Business: P7 - Explore the cultural differences affecting international businesses Learning aim D: Investigate the cultural factors that influence international businesses D1 Cultural factors • Cultural factors, e.g. language, ethnic make-up of populations, social structures, religion, values, attitudes to business, attitudes to work, openness to change. D2 Impact of cultural factors • The impact of cultural factors on international busin...

*Distinction Graded* Unit 5 International Business: D2 - Recommend one country that a selected business could target for international trade, justifying your decision

*Certified High Graded Work* Unit 5 International Business: P6 - Explain how business support systems enable a selected business to trade internationally. C2 International business support systems • The influence of the internet, e.g. speed and ease of communication, changes to business processes. • International payment methods, e.g. cash in advance, letters of credit, open account, consignment, international credit cards, international bank transfers, commercial payment systems.

*Certified High Graded Work* *New*Unit 5 International Business:P5 - Explain the external factors that influence a selected business considering trading internationally. Learning aim C: Investigate the external factors that influence international businesses - C1 External influences • Factors that influence international business: political, economic, social, technological, legal and regulatory, environmental and ethical factors. • Impact of factors using situational analysis.

*Certified High Graded Work* Unit 5 International Business: M2 - Analyse the barriers of operating internationally for two contrasting businesses. B3 Barriers to international business • The reasons for protectionism in international markets, e.g. to protect infant industries, to protect employment/local business. • Methods for protecting markets, e.g. tariffs, customs duties, currency restrictions, quotas, subsidies, legal restrictions. • Barriers to trade, e.g. trade restrictions, ...