Expansion to Foreign Market

economics

Description

The final report should be a minimum of 2,800 words.

Cite a minimum of three peer reviewed sources not including the textbook

Format your assignment consistent with APA guidelines

Papers will be verified through “Turn it In” plagiarism checker


This week students will review and revise their Week 3 Research Analysis for Business Signature

Assignment based on economic analysis and the feedback provided by their facilitator. Students will also

expand their Week 3 analyses to evaluate the challenges of expanding their chosen company's

production to a foreign market.

Assignment Steps

Revise your Week 3 assignment, Research Analysis for Business. This Week 6 report should only include

one conclusion, so you will need to rewrite the conclusion you included in your Week 3 assignment,

Research Analysis for Business.

Select a foreign market in which to expand your chosen product.

Prepare a minimum 1,750-word report addressing the points listed below. The use of tables and/or

charts to display economic data over the time period discussed is highly encouraged, you may submit

any economic data in Microsoft® Excel® format in a separate file. You may use the U.S. Department of

Labor's Bureau of Labor Statistics (BLS), U.S. Dept. of Commerce's Bureau of Economic Analysis (BEA),

the Federal Reserve of St. Louis's FRED data, the CIA World Fact Book, World Bank data, and World

Trade Organization, or other appropriate sources you might find on the Internet or in the University

Library. The new sections of your report should:

Evaluate current global economic conditions and their effects on macroeconomic indicators in your

selected country. Provide forecasts for population growth, gross domestic product (GDP) growth, GDP

per capita growth, export growth, and sales growth.

Evaluate any competitors' existing production in the chosen country.

Assess sales forecasts in the selected country by using the Federal Reserve of St. Louis's FRED data, the

CIA World Fact Book, World Bank data, World Trade Organization, or other appropriate sources you

might find on the Internet or in the University Library.

Categorize the type of economy that exists in your selected country as closed, mixed, or market. What

is the difference between these types of economies and how might this affect your expansion?

Assess how your chosen country's current credit market conditions, especially interest rates and the

availability of financing, affect demand for your product or service and your planning or operating

decision for your production in that country.

Analyze the role of the selected country's central bank on that country's economy.


Compare the availability, education, and job skills of the work force in the selected country. Discuss any

additional challenges of international production, such as political stability, availability of government

financing or other incentives, threat of capital controls, and exchange rate risks.

Explain any additional supply chain challenges you anticipate if attempting to make your product in your

chosen country and selling the product in other countries.

Based on the data gathered and analysis performed for this report write a conclusion in which you:

Create business strategies, including price and non-price strategies, based on your market structure to

ensure the market share and potential market expansions and explore global opportunities for your

business in a dynamic business environment and provide recommendations.

Develop a recommendation for how the firm can manage its future production by synthesizing the

macroeconomic and microeconomic data presented.

Propose how the firm's position within the market and among its competitors will allow it to take your

recommended action.

Recommend strategies for the firm to sustain its success going forward by evaluating the findings from

demand trends, price elasticity, current stage of the business cycle, and government.

Recommend any comparative advantages your company will have over competitors currently operating

in that country, and defend your position, either for or against, expanding your company's production

into your chosen country based on your research.

Instruction Files

Related Questions in economics category


Disclaimer
The ready solutions purchased from Library are already used solutions. Please do not submit them directly as it may lead to plagiarism. Once paid, the solution file download link will be sent to your provided email. Please either use them for learning purpose or re-write them in your own language. In case if you haven't get the email, do let us know via chat support.