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International Business Case Study Xiaomi

1549 Words7 Pages

Xiaomi is a privately owned Chinese electronics company headquartered in Beijing. It is the world‘s 4th largest smartphone maker. Xiaomi designs, develops and sells smartphones, mobile apps, laptops and related consumer electronics. And there are four basic types of the market structure : Perfect Competition : Perfect competition refers to exists when there are many sellers in a market and no seller is large enough to dictate the price of the product. Besides, all the buyers and sellers are seeking the best price. Buyers and sellers also have perfect freedom of entry and exit from the market. Perfect competition means there are few, if have any barriers to entry for new firms and prices are determined by supply and demand. Under …show more content…

Without international trade, businesses wouldn't be as profitable and economies would suffer. why are such things as the international trade are so important to Xiaomi business from the UK? Xiaomi sells the product or service global, that can increase Xiaomi product potential and brand, meanwhile international trade can improve the profit from oversea. In addition, UK is a member of the European Union, so if Xiaomi breaking the UK market equal to enter the EU market. Without the international trade or economic integration of food trade, all countries and company would have a very scarce choice. Xiaomi is not the exception. 4.2 The impact of global factors that can affect a business are: social factors: how consumer, households and communities behave and their beliefs such as changes in attitude towards health or a greater number of pensioners in a population. Legal factors: the way in which legislation in society affects the business such as changes in employment laws on working hours or increase the minimum …show more content…

Ethical factors: what is regarded as morally right or wrong for a business to do e.g. trading with countries which have a poor record on human rights would be seen as unethical (External factors that affect retail industry online Article). 4.3 The European Union is a politico-economic union consisting of 28 member states. Member states and business organizations operating in the EU have to adopt regulations and directives created by the EU. The EU is the world's biggest trader, accounting for 16.5% of the world's imports and exports. The EU is the world's biggest exporter of manufactured goods and services, and it is the biggest import market for over 100 countries. It is also the world's largest single market area. The EU's rules on competition are designed to ensure fair and equal conditions for businesses, while leaving space for innovation, unified standards, and the development of small

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