You just graduated from University with a major in International Business. You have started looking for jobs in the area, but so far, you have not had any luck. An entrepreneur at heart, you are considering the opportunity to start your own international trade business. Besides, you think to yourself that Floridas location makes it a good place to venture in this area, and your grandparents just gave you the news of a $100,000 graduation gift to be given to you with the condition that it be used to cement your business career. They are willing to give you even more money if you can show them a sound business plan. You are excited about this opportunity to strike out on your own and are ready to work on the plan right away. After looking at the various foreign market entry approaches you decide to start your own exporting business.
For your proposed export business, fully develop the following components:
1. Global assessment of your products international potential (i.e. demographics, cultural considerations, market data, macroeconomics, government policies, environmental indicators, trade statistics, product specific indicators, and industry indicators).
2. The effect of trade barriers and non-trade barriers for the specific product and country where you plan to export your product (i.e. import duties, export license, government standards, quotas, product labeling, origin requirements, etc.)
Your team will compose your paper in brief business writing format, use the numbered items above as headings and include reference citations. with correct spelling and grammar.
Brief Business Format: Straight to the point! without unnecessary information.