- A business manager needs to deal with logistics of shipping international goods and those issues may be related to the political climate of the trading nation. Using your BRIC nation Brazil as an example, research and list the viable options (Regular post, Air/Express or Boat) for shipping goods to America. If any normal option is not viable, describe it and explain why. Does the political climate help or hurt the ability to ship?
- Define GDP and GDP per capita. Cite your BRIC nation Brazil and the GDP per capita of that nation. Why is GDP per capita important to evaluate for an international business considering moving into a foreign market?
- Cite your BRIC nation Brazil and its currency. How has the currency changed value over the past 5 years in relation to the US dollar? How much inflation has the currency experienced in the past 5 years? What is the national debt as compared to GDP? Why is the currency and national debt important to consider for an international business considering moving into a foreign market?
- Competition is healthy for a market, but international businesses have difficult hurdles to overcome in establishing a new business. Cite your BRIC nation Brazil and describe the major languages spoken there. Then list the 3 most important factors that will influence a business owner’s decision to enter any market in that country.
- Define the Economic Freedom Index and explain how the index is derived. Cite the index value of your BRIC nation Brazil. Has the number been trending up or down in recent years? How does the index value compare with other BRIC nations?
