Challenges of Expansion to a Foreign Location

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Select a foreign market in” rel=”nofollow”>in which to expand your chosen product. If you wish, you may use one of the countries your team analyzed in” rel=”nofollow”>in their Week 5 Comparative and Absolute Advantage Assignment.
Prepare a min” rel=”nofollow”>inimum1,750-word report addressin” rel=”nofollow”>ing the poin” rel=”nofollow”>ints 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” rel=”nofollow”>in Microsoft® Excel® format in” rel=”nofollow”>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 fin” rel=”nofollow”>ind on the Internet or in” rel=”nofollow”>in the University Library. The new sections of your report should:
Evaluate current global economic conditions and their effects on macroeconomic in” rel=”nofollow”>indicators in” rel=”nofollow”>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’ existin” rel=”nofollow”>ing production in” rel=”nofollow”>in the chosen country.
Assess sales forecasts in” rel=”nofollow”>in the selected country by usin” rel=”nofollow”>ing 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 fin” rel=”nofollow”>ind on the Internet or in” rel=”nofollow”>in the University Library.
Categorize the type of economy that exists in” rel=”nofollow”>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 in” rel=”nofollow”>interest rates and the availability of fin” rel=”nofollow”>inancin” rel=”nofollow”>ing, affect demand for your product or service and your plannin” rel=”nofollow”>ing or operatin” rel=”nofollow”>ing decision for your production in” rel=”nofollow”>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” rel=”nofollow”>in the selected country. Discuss any additional challenges of in” rel=”nofollow”>international production, such as political stability, availability of government fin” rel=”nofollow”>inancin” rel=”nofollow”>ing or other in” rel=”nofollow”>incentives, threat of capital controls, and exchange rate risks.
Explain” rel=”nofollow”>in any additional supply chain” rel=”nofollow”>in challenges you anticipate if attemptin” rel=”nofollow”>ing to make your product in” rel=”nofollow”>in your chosen country and sellin” rel=”nofollow”>ing the product in” rel=”nofollow”>in other countries.
Based on the data gathered and analysis performed for this report write a conclusion in” rel=”nofollow”>in which you:
Create busin” rel=”nofollow”>iness strategies, in” rel=”nofollow”>includin” rel=”nofollow”>ing 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 busin” rel=”nofollow”>iness in” rel=”nofollow”>in a dynamic busin” rel=”nofollow”>iness environment and provide recommendations.
Develop a recommendation for how the firm can manage its future production by synthesizin” rel=”nofollow”>ing the macroeconomic and microeconomic data presented.
Propose how the firm’s position within” rel=”nofollow”>in the market and among its competitors will allow it to take your recommended action.
Recommend strategies for the firm to sustain” rel=”nofollow”>in its success goin” rel=”nofollow”>ing forward by evaluatin” rel=”nofollow”>ing the fin” rel=”nofollow”>indin” rel=”nofollow”>ings from demand trends, price elasticity, current stage of the busin” rel=”nofollow”>iness cycle, and government.
Recommend any comparative advantages your company will have over competitors currently operatin” rel=”nofollow”>ing in” rel=”nofollow”>in that country, and defend your position, either for or again” rel=”nofollow”>inst, expandin” rel=”nofollow”>ing your company’s

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