Global Business Context

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Global Business
Introduction
When the business plan to expand and join international market, research has to be done to ensure that, the right country is chosen for this expansion. Very many factors have to be put into consideration especially the one that will affect the business directly and indirectly. Factors such as political factors, economic factors, social cultural factors, and technological factors, availability of the raw materials, availability of labor and its cost among other should be put into place first before starting any business.
Market determination
The business concerning making of the chocolate and selling based first on intensive research to come up with Saudi Arabia as the appropriate country to start the business. Before predetermining the country, a survey was conducted in very many-selected potential market that included Somalia, Yemen, Iraq, Saudi Arabia and Pakistan. With the help and availability of the form of technology such as the internet, chambers of commerce in the respective countries` embassies and market visits, the company researched on the potential area and the unexploited market and took its advantage. The company visited the chamber of commerce and got the information regarding the kind of the business that it will engage in. The main things it mostly checked on was how the government in Saudi Arabia embrace the investors in the country and the satisfaction they (investors) have with their business. The company also checked on their competitors and the market share they are enjoying currently. The factor of availability of the market in the country was regarded, as it is also paramount. The labor source, its availability and cost was compared to other countries before coming to a conclusion that the business will be situated in Saudi Arabia (Johnson & Turner 2009).
Before finally coming up with Saudi Arabia, potential country were narrowed down to a fewer number which was Yemen, Saudi Arabia and Pakistan. In consideration to several factors such as peace and the sustainability of the business, Saudi Arabia was selected (Johnson & Turner 2009). The survey was conducted by use of questionnaires and interviews that were mostly done online to lower the cost.
Eventually Saudi Arabia favored the establishment of chocolate business due to its varied market that is favored by several festivities that heavily use the commodity. This made possible for it to be selected among the others. The site where the business was to be established and the legal process followed to the letter. Legal documents were to be obtained from the relevant authority in accordance to the compliance of the government order and regulation of the country before the commencement of the business. Charges of the document were established and were very much favorable especially on my business (Ricks, 2006).
Before official opening of the business, some important ques...