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    Which Country We Are Exporting To and Why ?

    Uploaded by

    Mashiat Kabir Muskan
    The document analyzes suitable countries for exporting products from Dynasty Group. It considers Singapore, Canada, and Australia based on socioeconomic, cultural, and political factors. Canada is selected as most suitable due to its democratic system, market economy, high purchasing power, low political risk and corruption. Canada imports garments like sweaters which Dynasty produces. While Canadian culture differs from Bangladesh, English is widely spoken so business terms can be understood. Canada also has more freedom than restrictive cultures. In conclusion, exporting to Canada's cold climate is a better option than warmer Singapore or Australia.

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    Which Country We Are Exporting To and Why ?

    Uploaded by

    Mashiat Kabir Muskan
    24 views3 pages
    The document analyzes suitable countries for exporting products from Dynasty Group. It considers Singapore, Canada, and Australia based on socioeconomic, cultural, and political factors. Canada is selected as most suitable due to its democratic system, market economy, high purchasing power, low political risk and corruption. Canada imports garments like sweaters which Dynasty produces. While Canadian culture differs from Bangladesh, English is widely spoken so business terms can be understood. Canada also has more freedom than restrictive cultures. In conclusion, exporting to Canada's cold climate is a better option than warmer Singapore or Australia.

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    The document analyzes suitable countries for exporting products from Dynasty Group. It considers Singapore, Canada, and Australia based on socioeconomic, cultural, and political factors. Canada is selected as most suitable due to its democratic system, market economy, high purchasing power, low political risk and corruption. Canada imports garments like sweaters which Dynasty produces. While Canadian culture differs from Bangladesh, English is widely spoken so business terms can be understood. Canada also has more freedom than restrictive cultures. In conclusion, exporting to Canada's cold climate is a better option than warmer Singapore or Australia.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    24 views3 pages

    Which Country We Are Exporting To and Why ?

    Uploaded by

    Mashiat Kabir Muskan
    The document analyzes suitable countries for exporting products from Dynasty Group. It considers Singapore, Canada, and Australia based on socioeconomic, cultural, and political factors. Canada is selected as most suitable due to its democratic system, market economy, high purchasing power, low political risk and corruption. Canada imports garments like sweaters which Dynasty produces. While Canadian culture differs from Bangladesh, English is widely spoken so business terms can be understood. Canada also has more freedom than restrictive cultures. In conclusion, exporting to Canada's cold climate is a better option than warmer Singapore or Australia.

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    © All Rights Reserved
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    Which country we are exporting to and why ?

    Considering the socio, economic,cultural and political aspects of all the three countries
    Singapore, Canada and Australia we are choosing Canada to be the most suitable county to
    export our product .

    This is because Canada is a democratic county which follows a market based economic
    system so it will be best for our local firms to enter their markets as they have a better
    political background, less political risks, legal facilities and government do not intervene in
    terms of any business activities. Canada can also provide privatization and promote
    intellectual property rights. The economy of Canada is highly developed market economy so
    by exporting to Canada we can reach a whole new market with minimal risk as the
    purchasing power of people are better there. It is one of the least corrupt countries in the
    world, and is one of the world's top ten trading nations, with a highly globalized economy.
    Garments are one of the most popular items that are imported into Canada and one of the
    most protected with duty rates averaging 17.5%

    The values and norms of Bangladeshi culture quite differs from Canadian culture so our
    company has to study a bit about their culture to enter their market. However Canada has no
    official language, English is spoken by most of the people so our company can get used to
    with the terms and conditions of the country easily which is a great advantage for us. There
    seems to be more freedom and flexibility in the Canadian culture and is not very restrictive.

    The product Dynasty group produces are sweaters and cardigans and Canada has a mainly
    cold climate, with short warm summers and long, frigid winters, whereas in Singapore the
    weather is quite hot and humid throughout the year and in Australia also winter is mild so
    selling out our product in Canada is a better option.
    CONCLUSION

    To conclude I would say that, there is no best way of entering an international


    market. It all depends on the type of products an organization produces, the
    resources it is willing to commit in the new market, the risks it is willing to take,
    and the barriers that are in the new market
    The purpose of this study is to understand how a firm internationalized and what is the factors influenced firmís
    internationalization process and entry strategy selected

    The research problem of this project is to explain how Chinese firm internationalize, in term of entry strategy and
    the influencing factors

     The report has also undertaken considerations of the European and US markets to understand the macro
    environmental activities

     The culture, religion and law of each country are extremely important to consider here

    By selling your product or service in another country, you can introduce your company to huge markets,
    increase your sales and profits, gain brand recognition, reduce the risk of only operating in one mark

    e The ambition of the organization in its go international decision is to expand its business activities and capture the
    international market.

    XYZ Dairy Products Private Limited is looking for entering into foreign market for the first time.

    The purpose of this report is to highlight the important factors that are needed to be addressed by XYZ Dairy
    Products Private Limited in its “Go international” decision. In order to be succeeding in internationalization, the
    organization should be able to think globally. International marketing is an important aspect in internationalization
    of an organization. That is use of marketing mix in international markets in order to take the advantage of
    opportunities in such markets with a view of achieving set objectives of the organization. Based on the level of
    involvement, there are three levels of international marketing: casual or accidental exporting, active exporting and
    committed international marketing.

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