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Unit 3 ­ International Business
Unit 3.3.4 ­ Other Considerations Before Trading Internationally
Roseanne Theyara


Corporate Social Responsibility:

Corporate Social Responsibility ­ How companies manage the business process to
produce an overall positive impact on society.
Supporters of CSR would argue that businesses have much to gain and that they…

Page 2

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Unit 3 ­ International Business
Unit 3.3.4 ­ Other Considerations Before Trading Internationally
Roseanne Theyara


o There is hope that by improving the reputation of the business, co-operative
measures will actually lead to increased sales and sales revenue.

Stakeholders Vs Shareholders:

Many businesses have adopted the stakeholder approach. Some have…

Page 3

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Unit 3 ­ International Business
Unit 3.3.4 ­ Other Considerations Before Trading Internationally
Roseanne Theyara


It can cut costs in places where wage costs are high.
Production uses extensive equipment and machinery.
Likely to be highly automated and produced on a large scale.
Can increase productivity by:
o Investment.
o…

Page 4

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Unit 3 ­ International Business
Unit 3.3.4 ­ Other Considerations Before Trading Internationally
Roseanne Theyara


They may also find that the people with whom they want to do business have
unfamiliar habits and conventions.
If they are to communicate effectively with potential partners, they will have to
respect local patterns…

Page 5

Preview of page 5
Unit 3 ­ International Business
Unit 3.3.4 ­ Other Considerations Before Trading Internationally
Roseanne Theyara


Tariffs are levied in order to curb imports.
Tariffs can be used in a range of circumstances:
o They can be used to protect specific industries from foreign competition.
E.g. ­ Many countries want to…

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