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There are many factors that should be examined when considering a…
There are many factors that should be examined when considering a new international market. In this assignment, you will explore how a company can qualify or quantify economic factors of markets and how it can influence the process of selecting a new market for a product. As you complete this assignment, consider how the lessons learned and resources used can be applied to your course project.
Prompt
You are an international trade consultant ranking the overall quality of various international markets for a product of your choosing. Select a product you would be interested in introducing to a new market, then complete the Module Three Assignment Template (I have copied and pasted the template below). Then rank your recommendations for a new market and justify your rankings using key economic and political data points. Examples of products include digital cameras, activity trackers, curtains, coffeemakers, and so forth.
Specifically, you must address the following rubric criteria:
Application of Data: Describe your initial thoughts on how insights from the required data to be collected could help to inform business decisions. For example, consider what information each data point provides, whether you think some data points should be weighted more or less heavily than others in making a business decision, what ideal data points might look like for expansion into a new market for your product, the ways that different political systems may impact a decision, and so forth.
Political and Economic Data Collection: Complete the table in the provided template by finding the appropriate information and data points for each identified category using course and external resources.
Ranking and Rationale: Rank the appropriateness of introducing your selected product into the three markets from “most appropriate” to “least appropriate” using the gathered political and economic data you collected, then provide a rationale for why you ranked the markets the way you did on the basis of the data you gathered.
Guidelines for Submission
Submit the completed Module Three Assignment Template. In Sections One and Three, complete sentences should be used. In Section Two, numbers are appropropriate. Sources should be cited according to APA style.
template
INT 220 Module Three Assignment Template
Economic and Political Environments Comparison
[Complete this template by replacing the bracketed text with the relevant information. Remove this note before submitting your assignment.]
Section One
[Describe your initial thoughts on how insights from the required data to be collected could help inform business decisions. For example, consider what information each data point provides, whether some data points should be weighted more heavily than others in making a business decision, what ideal data points might look like for expansion into a new product market, and the ways different political systems may impact a decision, and so forth.]
Section Two
[Complete the provided table by finding the appropriate information and data points for each identified category using course and external resources. Then explain the insight that each selected statistic provides for business professionals. Insight explanations can be completed using bullet points.]
Category
Mexico
Germany
[Insert Country Selection from Course Project] Brazil is my selected country
Political System
[Insert information.]
[Insert information.]
[Insert information.]
Economic Classification
[Insert information.]
[Insert information.]
[Insert information.]
Economic Blocs Impacting Trade
[Insert information.]
[Insert information.]
[Insert information.]
Gross Domestic Product
[Insert information.]
[Insert information.]
[Insert information.]
Purchasing Power Parity
[Insert information.]
[Insert information.]
[Insert information.]
Gross Domestic Product Per Capita
[Insert information.]
[Insert information.]
[Insert information.]
Section Three
[Rank the appropriateness of introducing your selected product into the three markets from “most appropriate” to “least appropriate” using the political and economic data you collected, and then provide a rationale for why you ranked the markets the way you did based on the data you gathered.]
References
[Insert references to any sources used according to APA style.]
thank you. please provide answer in own words.
