The Kingdom of Armorika

Question: From an examination of the country data for the The Kingdom of Armorika, briefly discuss four (4) conclusions you can draw for firms thinking of doing business in that country. Answer: Higher export beneficial for firms aiming to enter the market- The first and foremost conclusion that can be drawn from the available data is about the benefits of doing business in Armorica because of its higher export rate. The export rate of the nation is observed as being higher than the import rate this proves that the nation has a proper positive balance which is known as thetrade surplus. This country consists of more exporting than what it imports and thereby avoid any kind of negative balance otherwisetrade deficit that generally proves to be harmful for firms doing business within the nation. More export also permits firms to enhance relationship with other nations with whom they are trading with and will thereby enable all the business within the nation to find ways towards growth plus development and even expansion into several different nations. It might also supply the firm with an extraordinary competitive advantage as the firms will be capable of supplying goods to several nations freely and thereby will be able to capture more m arket share. Ratio of Urban and Rural populace- Since Armorica is a developed nation, urbanization within years has been increasing with each passing day and has many implications upon health and wellbeing of people staying in the nation. This also would affect both the service delivery as well as the product making firms and the firms might face several risks and danger. These in reality are the risks brought in by enhancing urban population and use of all novel technologies by them. Though, urban inhabitants have a very clear health benefits over the rural populations yet such populations are extra diverse and so is their susceptibility towards health risks (Guy, 2009). The firms trying to introduce themselves in the nation have to be very careful about all their environmental issues and also try to produce keeping in mind each and every ecological aspect. In increasingly urban nation, the main management of is about eradicating the poverty as well as achievement of all development aims and goals and for this firms need to very much aware and concerned about all the legal and political aspects of the nations ecology and also must be careful about peoples respect and employment. Constitutional Monarchy- There are several benefits and advantages for firms attempting to do business in the constitutional monarchy as it is that form of government where a monarch actually acts like the head of the state and the parameters are fixed within a documented constitution. It actually is a democratic process and people are thus allowed to take own decisions and make own choices of course at the same time maintaining a decorum and a proper behavior as well as following the constitution. Such a system can make businesses easily successful as firm will be capable of selling more easily to the public and also will be able to meet the needs and wants of people more conveniently. Yet there are some negative which also need to be kept in mind while doing business in such a nation. The main disadvantages of doing business here could be that nation lacks a proper democratic legitimacy and thereby does not has any democratic liability. Within such government it also will be difficult of for firms to chang e internally if it wants to at any point of time. This restricts the flexibility within the firm and thereby makes is less competitive than others Literacy rate- Higher literacy rates mean an improved economy and also an extra civilized society. It will actually be easier for firms to convince such buyers and also will be beneficial as firm will be able to cater this market more appropriately because understanding their needs and wants through various surveys and observations is easier. Higher literacy also supplies extra power to government here handling any issues and conflicts is possible to greater extent and would thereby enhance the national pride and make the nation good at business as well as trade within all the fields. Higher literacy not only prospers the economy prosper, but via higher rates of literacy the lives of public living also are greatly improved and their choices shift from low quality and cheap goods to higher quality product even if they are supplied at some premium prices and thus firms doing business in this nation can attain better profit through charging some premium prices for good quality products and services (A lster and Brothers, 1992). In such nations there exist more opportunities for make life better and extra employment options which make operation of the firm easier.