The product I have chosen to export is a solar panel powered light bulb. A light source in a home that is underserved or not served by the electrical grids can improve quality of life by providing a light for cooking, reading, or enjoying time with family and friends. The SIC code is 3641 covers the manufacturing of electric bulbs, tubes, and related light sources. The NAICS code is 335121, which is for establishments primarily involved in the manufacturing of fixed or portable electric lighting fixtures for indoor and outdoor use. The Schedule B code is 8504.40.7007 for eelectrical transformers, static converters and inductors. Worldwide export sales per the U.S. Census Bureau: Economic Indicators Division USA Trade Online U.S. …show more content…
(Risk rating C/ Business Climate Rating- C). Botswana’s opportunities include many underdeveloped areas that would benefit from solar power for homes, schools, or emergency situations as well as an acceptable business environment. Risks are a somewhat shaky political and economic outlook. (Risk rating A4/ Business Climate Rating- A4) The county rankings based on opportunities versus risk are: 1. Botswana 2. Rwanda 3. Chad 4. Burundi. I have chosen Botswana as my target country as I believe with its acceptable business environment and the need for the product, especially in underdeveloped areas, it would be a perfect choice as the first export country. Although there are some drawbacks, such as a shaky political and economic outlook, I think those issues will always be a factor in exporting to underdeveloped countries and regions. A positive side of that is the market is less likely to be as saturated and fewer companies will want to take a risk. There is a market that is largely untapped by US suppliers. The 2016 US export sales percent for the area is zero percent. ( per "Foreign Trade - MAIN Page." Official Source US Export and Import Statistics - Foreign Trade - US Census Bureau. US Census Bureau, 30 Apr. 2009. Web. 12 July 2017.). Regarding the Texas market, although there is not sales data to provide analysis at this time, Texas could benefit from
If you want to export goods to a particular country, make sure they have a need for your particular services or product. Most international businesses find multiple countries or locations that have a need for these items in order to ensure a steady and profitable revenue stream.
Most of the information for this market research can be obtained through the U.S. Department of Commerce, International Trade Administration. This specific resource, according to an article posted in the Entrepreneur website, “It is devoted to assisting U.S. companies in international trade. They have a network of approximately 2,500 trade experts in about 70 countries around the world and about 70 cities in the United States.” Other sources that can
In 2004 according to a report America’s imported as much as Japan, Germany, China and India combined.
* In terms of both exports and imports which country is the number one trading partner with the U.S?
*Be sure to include page numbers and quotes from the novel, when appropriate, to ensure a complete answer and full credit.
States trades all over the world. In February of 2016 exports alone were $178 billion. Not surprisingly
* Products that are commonly exported from the United States are things such as medicines, aircrafts, and cars. These are products are also important to humanity of different countries.
Population has increase dramatically making Texas the prospect of many American citizens. Many would argue that this is true compared to any other state. Texas looks like the prospect of the United States as well. Texas offers many the opportunities to preview what is to come from the largest country in the decades ahead. Texas is already one of the most independent states. When Texas created benefits for the citizens such as, Social Security and Medicare, they were built very insubstantial. Furthermore, some might see this as a downfall for Texas, but what many individuals need to do is think about today and tomorrow. Every state that has Social Security or Medicare suffered when the recession hit, which caused many to loss money, not just Texas. Furthermore, Americans are pursuing a cheaper cost of living and a less controlled environment in which to do business and Texas provides that. As the United States heads to Texas, without exaggeration, it's worth understanding why. Maybe, to see the downsides ahead or to catch a peek of the opportunities that awaits many citizens. Texas added more than 387,000 residents between July 2010, and April 2012, “ that is significantly more than any other state” (Canas and Phillips 39). In the past, Texas rates of growth have decreased vaguely. Overall, Texas ranked third in the rate of growth at “5.2 percent since the last census” (Hoskisson and Lorraine 247), However, the latest state estimates show that most of the nation’s population growth is in the Southern and Western regions of Texas, with the Northeast and Midwest grow at far lower rates. At the present rate, “Texas will add about 23 million people from 2010 to 2020” (Hoskisson and Lorraine 249). In population growth, Texas remains a state obviously among country and city residential areas. Population quotes for cities and metropolitan areas released in the last year show plenty of
1. Which accounting method best reflects the economic reality? Put another way, which accounting numbers – the GAAP or non-GAAP numbers best reflects economic reality? [10 points]
According to an estimate, almost 70% of the Canadian export takes place to US markets and similarly, almost 70% of its imports are from
I discovered a love for art history my freshman year in an honors course with Dr. Esther Sparks. She was so passionate about art history and her students. Dr. Sparks painted such a vivid picture of the history behind the art, its importance and significance. When considering study abroad locations, because of the class I took on a whim and Dr. Sparks whom I adored, I knew I wanted to travel somewhere with rich history, culture, art, and architecture. On every street corner of Florence, Italy, stands some piece of history; therefore, I have chosen this location for my study abroad experience. I am completely awestruck by not only the beauty of these masterpieces, but by the stories they hold. I find myself daydreaming of the people who created these magnificent structures, who they were, and what they thought of themselves and their creations. My goal is to immerse myself in the culture and absorb as much knowledge and understanding of Italian history and traditions as I possibly can so that I may, in turn, become a more well rounded individual.
The economy is fairly broad-broad based and dedicated mainly to supplying the needs of the large and rapidly increasing population. However, proximity to the United States also provides a large market for the export of manufactured
The marketplace is worldwide—production and sales activities can be pursued in North America, Latin America, Europe-Africa, and Asia Pacific
The superimposing factor that gives South Africa such an advantage over other prospective African business environments is that it possesses of a very powerful and sophisticated vantage-point geographically. South Africa is strategically located for manufacturing and exportation into several regions globally and can be an unmitigated platform for MNC’s who may be interested in a venture within this region. The important advantages include regional competitiveness, combined with reduced operational costs and a significantly prominent market access (Safrica.info, 2011).
There are ten different markets in U.S. They are Florida, New York, Connecticut, New Jersey, Massachusetts, Georgia, Texas, California, Illinois, and Oregon.