Analysis of Markets for Business Expansion
Free and fare markets should be able to provide incentives for companies to venture into them. A market that is competitive has a large number of producers competing to fulfill customers’ demands. Competitive markets will form under different political, economical, social, and cultural environments hence these issues should be considered before entering the market. Consider the following markets for chicken flavored cassava chips.
The major challenge in UK economy is failure to recover after the financial depression in 2008/2009. About 16% of the populations live below the poverty line and is ranked on the lower half of the developed countries.
Canada is the 11th largest economy globally and is one of the wealthiest nations. The economy of the country is similar to the market oriented economic system adopted in the US. The joblessness in the country stands at 7%, and approximately 9.4% of the population live below the poverty line. Canada had 69 of the world’s largest companies ranking fifth globally after France.
On the other hand, France has the fifth largest economy in the world. Currently it has a population of 29.62 million with 8.8% living below the poverty line. In 2012, Credit rating companies warned that the growing debt levels in by the government would lead to higher costs of borrowing in the future that might impact negatively on the economy.
The population of Japan consists of more aged people than children making it unsuitable for selling goods targeting that age group. Japan is endowed with few natural resources and relies on imported raw materials. Tokyo is the world’s most crowded metropolis with a population of about 37 million people.
Apart from being the world’s largest urban economy, the city has a strong base in politics and economics which has in turn led to stability in population levels. The population inflow to the city was more than the outflow by over 80,000 people in 2010. With major urban facilities and education centers the city attracts many young people who are an excellent market for our product (Chicken flavored cassava chips).
