Revise your Week 3 economic analysis using the
feedback provided by your facilitator to evaluate the challenges of expanding
your company’s production to a foreign market. This will require you to revise
previously recommended pricing and non-pricing strategies for your company’s
product based on the selected country’s economy’s stage in the business cycle
and the projected economic conditions. Discuss the evidence that supports your
recommendations.
Select a foreign market in which to expand your chosen
product.
Writea 1,750-word paper (including any material you
include from your Week 3 assignment) detailing your findings. The use of tables
and/or charts to display economic data over the time period discussed is highly
encouraged.
·
Describe current global
economic conditions and their effect on local macroeconomic indicators in your
selected country. Consider forecasts for population growth, GDP growth,
GDP per capita growth, export growth, and sales growth.
·
Evaluate the competitors’
existing production in the chosen country.
·
Evaluate forecast sales in the
selected country.
·
Determine the type of economy
that exists in your selected country – closed, mixed, or market. What is
the difference between these types of economies and how might this affect your
expansion?
·
Describe how your chosen
country’s current credit market conditions 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.
·
Evaluate the availability,
education, and job skills of the work force in the selected country. Discuss
the additional challenges of international production, such as political
stability, availability of government financing or other incentives, threat of
capital controls, and exchange rate risks.
·
Discuss any additional supply
chain challenges you anticipate if attempting to sell your product made in your
chosen country to countries outside of that market.
·
Discuss any comparative advantages
your company will have over competitors in that country.
·
Recommend either for or
against expanding your company’s production into your chosen country based on
your research.
Citea minimum of three peer reviewed sources not
including the textbook.
Formatyour assignment consistent with APA guidelines.
Clickthe Assignment Files tab to submit your assignment.
