Explain any challenges that you may face while expanding into the international marketplace.
For this unit, select a business that is currently operating in the country within which you reside. Then, go to the webpage The World Factbook to research and select a country for international expansion of business operations. Prepare a document that addresses the items listed below.
- Discuss your chosen business, and explain why it was chosen.
- Provide a historical timeline of the country into which you are expanding, including the country’s background, developments, and significant events.
- Discuss the location, size, and other demographic information in contrast to the country you currently occupy.
- Provide price differences that could occur with suppliers and the market price.
- Explain any challenges that you may face while expanding into the international marketplace.
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