International Business L3 Questions by DDC1

AMARA

2024-09-27 15:30:43 UTC

1) Trade blocs impact business positively because in bloc, business have no restrictions or trade barriers on goods and also labour coming into bloc.

2) Nike can move their employees from one country to another without need of any visas and also don't need to pay money involve in paper work.

3) Positive impact on countries economy as currency stay same no need to change in different currency such dollars but it may impact the prices of goods and services in other countries.

4) International business bring more growth, additional revenue streams, allow to meet customers preferences which may not be possible in your country and give opportunities to target more customers.

5) Internet improve the communication methods impacted International business positively because customers can see your product your no matter how far the business is and also business can research into various websites to know customer preference.

AZAN RAZA

2024-09-27 15:33:09 UTC

1- The trade blocs impact positivley in the business because it allows them to move goods and laoubur within the bloc more easily and free of any restriction.

2- The benefits, mobility of labour such as nike they are more globalised the world and becoming easier to be invest in variety of countries and move labour from one country to another.

3-The trading bloc such as the EU ,they have same currency such as the Euros thats means that they do not have to worry about ever changing exchange rates, but the volity may impact the price of good and services.

4-The benefit that brings international business, is the payment system becauee it has been so much easier for the past yeard and paying for goods before the internet coukd be risky and very time consuming. Online using service such as PayPal.

5-Internet improvement communication method can impact international business positively because customer can see your product no matter what.

Sam

2024-10-03 10:24:04 UTC

Trade blocs impact trading because if your country is within a trade bloc, it is easier to trade within the trade bloc and more difficult to trade outside of it.

Mobility of labour would be good for Nike because it allows them to hire more people to make products.

I think a single currency would be good because it avoids the issue of changing money between currencies and having different amounts and causing discrepancy.

International business is good because it opens up the market to the company which allows them to expand.

The internet has improved communications for business because it allows instant communication and means problems can be solved much quicker.

Libbie

2024-10-03 10:24:23 UTC

1.Trade blocs allow businesses to move goods/trade internationally easier.

2.Nike would be able to move employees to their different stores easier and without the need of visas or anything.

3.It would be a positive as there is no need to change any currencies.

4.The benefits which international businesses bring are things like revenue growth and a wider range of customers to be able to understand them better.

5.Customers are able to see products from international business despite not being able to access them in person.Enabling the business to reach a wider range of people.

Lou

2024-10-03 10:25:01 UTC

Trade blocs impact businesses trading internationally because, there can be illegal trade such as drugs, weapons or nuclear missiles.
The benefits that mobility of labour has on businesses such as Nike are, that they have skilled workers meaning they don't need to waste time training.
Having a single currency for a trade bloc (euro) has a positive effect on a countries economy because, it is straight forward when paying for goods/services and it shows national identity.
The benefits of being an international business are, it shows expansion and growth to your businesses market. (This could be expansion on goods/services to society)
The internet and improvements in communication methods have impacted international business because it means they don’t have to travel which is less time-consuming.

Alex

2024-10-03 10:25:34 UTC

1.trade blocks create business relations within the bloc and have both their strength and weakness. They affect the way in which business are able to conduct their trade

Nike is able to move their employees around to where they are best needed and suited

3.it would be good as all the business's would be trading under the same currency would mean inflation wouldn't be to much of a big problem.

4.being an international business brings alot of money as their is alot more trading meaning the business generates alot more money.

The internet is well good and enables fast communication betwen people who may be in other countries

Isabel Slack

2024-10-03 10:25:41 UTC

Write something fantastic…

1) countries outside of the trade bloc may find it difficult to bring in imports and send out exports.

2) As Nike operates internationally, the mobility of labour allows workers from a particular branch to move to another branch and work for Nike abroad.

3) A positive is that trade is easier since they do not have to exchange currencies. A negative is that countries will be heavily impacted by other countries economies and trade disruption in terms of inflation.

4) wider access to consumers and potential customers.

5) It has meant that more businesses can operate internationally and communicate quicker and more effectively due to translation platforms and Skype/FaceTime.

Alfie Hill

2024-10-03 10:25:56 UTC

1) Trade blocs impact business positively because in trade blocs, business have little to no restrictions or trade barriers on goods and also labour coming into the country or bloc.

2) Nike being a large business means they operate in many different countries across the globe meaning the opportunity for employees to travel and work abroad

3) i believe it would have a positive effect, meaning the overall economy on a single countries currency wouldn’t have a negative effect on the other country that is trading

4) more economic gains through unique customers and diversity in the world

5) the internet has provided billions of people access to communication even outside of international business, this allows for faster communication between countries allowing for more a flexible network of work

Charley

2024-10-03 10:27:58 UTC

They lower prices, increased export potential, higher growth, economies of scale and greater comp
Greater freedom gives happier workers, boosting productivity and the output of the company
It has a positive affect as there will be no currency rates which can confuse trades.
It brings greater trade opportunities and increases the likelihood of expanding
As the internet evolved communication became easier and more effective

Caitlin Foley

2024-10-03 10:28:17 UTC

Trade Blocs impact business as countries within the trade bloc will have a stricter trading regulation than countries outside of the trade bloc. For example: People within the EU may be less likely to trade with people outside as they support each other within the EU.
The mobility of labour is good for businesses such as Nike as they are able to breach out to other countries and move their workers to where they need.
Having a single currency for a trade bloc is good as it provides an easy way to trade as you are able to trade without having to find an exchange rate and you would not loose money whilst trading.
It brings more of a customer base and boosts your business image massively. It is able to provide the business with an opportunity to branch out its products and produce more culturally appropriate products. Also is able to innovate the business further.
It has improved international business as company’s are now able to communicate with other branches across the world in a more cost effective and environmentally friendly way, instead of flying over to other countries for meetings they are able to just video call or chat over the phone.

MALI

2024-10-03 10:29:10 UTC

Trade blocks- this impacts businesses Because some businesses may not be able to have some important products important as a rule of the agreement. But could also be good because they stop some illegal products coming to that global area.

Mobility of labour- The advantages to this is that Nike employees are able to go to different branches of the company and fitting in quickly that can solve any absences in some Nike stores.

Single currency- positives for a national economy is that

Abby

2024-10-03 10:30:20 UTC

1)the ways in which trade blocks impact businesses internationally is that it can lead to lower prices and can also lead to high growth for the business this can also lead to compromise as countries pool economic sovereignty.

2)some of the benefits for mobility of labor on a business such as Nike includes the filling of job positions which can boost productivity and output of the economy

3)having one currency for a trade block can benefit countries as they don't have to go through exchange rates however this can also negatively effect countries as if on economy falls it can affect the value of the euro

4)some of the benefits of being an international business includes a greater consumer selection as the business will have a larger amount of potential consumers to buy their products

5)some of the ways in which the Internet and imporvemts in communication benefits businesses is that they can communicate from anywhere meaning decisions can be made quicker

Sasha Bailey

2024-10-03 10:31:55 UTC

Trade blocs impact trading internationally by lower prices, it also lowers tariffs which benefits the business as it is cheaper to import and export
It is easier for Nike to import or export people around different segments of the business due to geographical mobility, this allows Nike to transfer peopel with more knowledge and skills to get to the best parts of the business where they are needed most.
Having once currency in a trade bloc is beneficial as it gets rid of conversion rates which shortens the time period it takes to trade.
An international business is beneficial as it increases revenues, decreased competition and longer product lifespan.
Internet and improvements in communication has helped international business as there is no delay on messages and that, it also allows companies to have a translator at all times meaning there’s no third party which means you can cut down on costs

Amelia

2024-10-03 10:32:54 UTC

1- trading blocs lead to greater independence of the countries as they can rely on each other for the good and services.

2- Nike has more skilled workers meaning their products are produced quicker and more effectively.

4- the benefits for being an international business are that the business is more diverse, meaning they sell a wide range of different products and services targeting all ranges of the target market.

5- teams meetings have been very popular since Covid , as people couldn’t leave their homes, meeting in businesses were needed and the only way they could do this was online , teams meant they could have regular meeting no matter how far away anyone is.

Mohammed Deen

2024-10-03 10:33:29 UTC

1) countries outside of the trade bloc may find it difficult to bring in imports and send out exports.

2) Louis Vuitton being a large business means they operate in many different countries across the globe meaning the opportunity for employees to travel and work abroad.

3) 3-The trading bloc such as the EU ,they have same currency such as the Euros that's means that they do not have to worry about changing exchange rates, but the overall quality may impact the price of good and services.

4) more economic gains through unique customers and diversity in the world.

5) Internet improvement communication method can impact international business positively as customers can see your product regardless pf what you do to remove it.

Ollie

2024-10-03 10:34:46 UTC

Trade blocs can impact how much tax businesses pay when importing into different countries within different trade blocks
One benefit to Nike is access to a diverse talent so that Nike can get a range of the talents that are needed for the business
A benefit of having one currency in a trade bloc is reduction in transaction cost as it eliminates exchange fees and lowers costs for the businesses.
One advantage of being an international business is improved cash flow management. International trade sometimes allows a business more favorable payment terms, potentially improving cash flow for the business

Knowledge check Adam

2024-10-03 10:36:06 UTC

1 trade blocs help buissness by decreasing the strain and trouble with expanding into several countries

2 since nike has several job roles that means that there is a variety in skill type jobs within nike as such managers that require experience and skill and floor worker'sthat can be filled with anyone

3 having the same currency inside a trade blocs can help with reducing the risk of international trade

4 an advantage of being an international buissness is that there is a larger customer base

2024-10-03 10:36:15 UTC

The trade bloc impact businesses trading internationally in the example of a trading from the EU can make it all good and services for use still cheaper in involving an important with both good exchange rate.
The national labour mobility is an aggregate of all the individual with the will be determined by national education and skills and labour market regulations.
The advantage and disadvantages of the euro currency market is offer very lower interest rates for borrows and higher interest rates for lenders with possible risks of unfair enough.
what about the international business bring with advantage and disadvantage to possible because the growth to join allow business more easily to quickly to make cheaper and product. The disadvantage is the supply chain issue is business longer to more complex with the provides opportunities for the potential to increase.