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TASK
4.1 Discuss the significance of International Trade to UK business organisations
4.2 Analyse the impact of global factors on UK business organizations
4.3 Evaluate the impact of policies of the European Union on UK business organizations
4.4 Present and communicate appropriate findings
4.5 Demonstrate convergent/lateral/creative thinking
Guidelines to achieve:
• 4.1: Describe the importance of International Trade and reasons of going international. You need to look at import as a mean to satisfy business raw material needs and customers needs but more importantly you must look at export and consider how much the UK earn from this and how critical it is for the UK economy
• 4.2: Research and discuss the negative and positive impact of global factors (PESTEL) on UK business organizations . you could look on the negative effect on the euro problems, consider factors such as shortage of raw materials, metal, food, etc. or growing demand from developing countries for products and services
• 4.3: Discuss the developments of European Union and European Monetary Union; Describe at least two EU policies (working conditions, welfare, and freedom of labour movement) and look on the positive and / or negative effects these might have on UK businesses.
• 4.4: Analyze the implications of European Union policies on a selected UK based business organization (using any two EU policies).
• 4.5: Assess the current situation of EU and EMU and express your critical thinking on the decision of the UK to not be a part of the EMU policy
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