Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

Global Factors Add in library

expert-image Jeffrey Schmidt 4/5 hire me
194 Download2 Pages 417 Words

Question:

Describe The impact of global factors on business organizations ?

 

Answer:

The implication of global integration on business

UK is integrated with OECD countries the biggest trade block of Europe. It is a steady member of IMF and G8 countries since their inception. UK is also associated with European union and WTO. The market size of UK is £2 trillion domestically where exports numbered £0.5 trillion. The country has a record of holding offices of almost all the foreign company’s’ office in their domestic market differentiating the employment opportunity in different subjects (Oecd.org, 2015).

Assessment of impact of international trade on domestic products and service

For the UK business holders there are ample of opportunities to develop their business in Asian emerging markets. The growth of country has survived from recession of 2008 while government has no protectionism policy for the big MNEs in the country due to free trade policies. However, it has taken measures for controlling the business of SMEs from the foreign companies. The trade duties and tariff rates are same for the domestic and international business except there is some precautionary measures for

to quality for agricultural and food products imported from other countries (Hesa.ac.uk, 2015).

Impact of global economy on business

The free trade policy of country has increased the competition for the domestic producers as seen in the low manufacturing workers in nation. It has also increased the rate outsourcing due to increase rate of wages. Globalization has provided the customers many choices for them as there are many products sold in UK of many prices. It also increases rate of innovative development in UK to compete with the foreign low cost products.

 

The facilitation of globalization using ICT

Using ICT has enabled industry to outsource many jobs from low wages country where relevant skills are cheaper than in UK. Further, it has increased the employment problem of country too. Internet marketing has increased communication at lower cost and also a different profession for the country as well as it is a meaning for easy communication with remote area (Europa.eu, 2015).

 

Reference lists

Europa.eu, (2015). EUROPA – EU website | Choose your language | Choisir une langue | Wählen Sie eine Sprache. [online] Available at: https://europa.eu [Accessed 27 Apr. 2015].

Oecd.org, (2015). OECD.org - OECD. [online] Available at: https://www.oecd.org [Accessed 27 Apr. 2015].

Hesa.ac.uk, (2015). Home - HESA - Higher Education Statistics Agency. [online] Available at: https://www.hesa.ac.uk [Accessed 27 Apr. 2015].

OR

With time, MyAssignmenthelp.com has become one of the best college essay writing services. Our all rounded services give students the confidence to overcome assignment related issues. Our services are fast enough to meet most urgent deadlines. We are capable of delivering fast essay writing services with the help of our specially designed provisions and writers' teams. Our urgent essay help services guarantee most rapid delivery of assignment solutions. Some of our most popular essay services are application essay help, exploratory essay help, literary review essay help and argumentative essay help.

Most Downloaded Sample of Management

278 Downloads 1 Pages 48 Words

Toulin Method Of Argumentation

You are required to write a researched argument essay that convinces persuades the reader of your position / stance. This is an academic, researched and referenced do...

Read More Tags: Australia Arlington Management Management University of New South Wales Management 
202 Downloads 9 Pages 2,237 Words

Consumer Behavior Assignment

Executive Summary The purpose of this report is to elaborate the factors which are considered by individuals before selecting an occupation. Choosing an occupati...

Read More Tags: Australia Arlington Management Management University of New South Wales Management 
368 Downloads 13 Pages 3,112 Words

Internet Marketing Plan For River Island

Introduction With the increase enhancement in the field of technology, it has been considered essential by the businesses to implement such technology in their b...

Read More Tags: Australia Arlington Management Management University of New South Wales Management 
328 Downloads 9 Pages 2,203 Words

Strategic Role Of HR In Mergers & Acquisitions

Executive Summary In a merger & acquisition, role of an HR has emerged as a very critical function. At each stage of merger and acquisition process, HR plays a s...

Read More Tags: Australia Arlington Management Management University of New South Wales Management 
357 Downloads 7 Pages 1,521 Words

Relationship Between Knowledge Management, Organization Learning And HRM

Introduction In this competitive business environment where every business organization is trying to attract the customers of each other, it becomes essential for ...

Read More Tags: Australia Arlington Management Management University of New South Wales Management 
Next
Free plagiarismFree plagiarism check online on mobile
Have any Query?