Global Expansion of Magic Pastry to the United Kingdom
We're doing a pastry business (Magic Pastry) located in the in the United Kingdom.
STEP 3 – Assessing the Economic-Geographic Environment
• Examine geographic and economic factors that affect the business environment of a nation
In this step your goal is to gather information on various geographic and economic factors that include business opportunities in other countries.
Based on the country (or countries) you are analyzing for your global business enterprise, research information related to the following areas:
1. GEOGRAPHIC INFLUENCES
Identify geographic factors (climate, terrain, waterways) that influence business activities in the country. (In some countries, mountains make movement of raw materials and production supplies difficult and expensive.)
2. MAJOR PRODUCTS AND INDUSTRIES
Describe the country’s:
A. main natural resources and agricultural products,
B. major industries,
C. major imports, and
D. major exports.
3. CURRENT ECONOMIC CONDITIONS
Assess the country’s recent economic conditions related to GDP, inflation, interest rates, currency value, personal income, and employment. Suggest how these economic factors may attract or deter foreign investment.
4. INFRASTRCTURE
Analyze the infrastructure of the country with regard to availability of transportation, communication, and utilities.
Global Expansion of Magic Pastry to the United Kingdom
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Global Expansion of Magic Pastry to the United Kingdom
The United Kingdom is the second biggest economy in Europe and is, in fact, the fifth-largest economy by Growth of Domestic Product. This paper will address some of the geographic and economic factors that affect the business environment based on the analysis of the Country (United Kingdom) of my global business enterprise (Magic pastry). The United Kingdom's unpredictable weather and general climate is the major Geographical factor that dictates the Country's business activities. The Country sits in the temperate zones, so it experiences four seasons and moderate rainfall all year round. The typical weather pattern in the UK is characterized by mild to warm summers and cool to cold winters.
The United Kingdom's economy is boosted by financial services and insurance, which are the most significant contributors and account for three-quarters of th...
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