ASSIGNMENT ID
602288
SUBJECT AREA Economics
DOCUMENT TYPE Research Paper
CREATED ON 3rd August 2018
COMPLETED ON 9th August 2018
PRICE
$40
18 OFFERS RECEIVED.
Expert hired: Marylandwriter

Applying Economic Concepts to Improve Business Decisions

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.
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Studybay is a freelance platform where you can order a Applying Economic Concepts to Improve Business Decisions paper, written from scratch by professors and tutors.
03 August 2018
User created a project for Economics
03 August 2018
18 experts responded
03 August 2018
User contacted expert Marylandwriter
03 August 2018
User hired expert Marylandwriter who offered a price of $40 for the project and has experience doing similar projects
09 August 2018
The expert completed the project Applying Economic Concepts to Improve Business Decisions for 7 days, meeting the deadline
09 August 2018
User accepted the project right away and completed the payment
09 August 2018
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