Characteristics of an ideal target market

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Reference no: EM131492255

Select a product of which you will export to a foreign country. After your product is chosen, decide on a foreign country to which you will export. In developing your Export Business Plan, you will present the following information:

I. Purpose - why has the plan been written

II. Table of Contents

III. Executive Summary - this is short and concise and covers the principal points of the report and is prepared after the plan has been written

IV. Introduction - what product and foreign country did you select and why

V. Situational Analysis - describe the product to be exported

VI. Country History - present a brief history of the country as it relates to its origins and trade history

VII. Cultural Overview - what are the norms, practices, social structure, etc. that may aid (or hinder) the reception of your product

- Consumer attitudes toward product

- Educational levels - ability to comprehend instructions, ability to use product

- Languages - labels, instructions

VIII. Political Environment - present an overview of the governance structure of the country along with any legal-political forces

- Certain features required or prohibited

- Label and packing requirements

IX. Export Marketing Plan - present long and short-term goals, characteristics of an ideal target market for your product given the country selected, market screening

X. Economic Development - how developed is the country and how will this influence the success of your product

- Purchasing power

- Wages

- Infrastructure

XI. Summary

For further detail regarding the components of your Export Business Plan, please see pages 363-364 and 390 of our text.

Your paper is to be a minimum of 5 pages in length and be in APA format to include:

  • The use of headings and subheadings
  • Times New Roman 12-point font
  • Double-spaced lines
  • Two spaces after punctuation
  • 1 inch margins
  • Paragraphs with a minimum of 3 sentences
  • The first line of each paragraph should be indented 1/2 inch
  • Include in-text citations for each thought that is not your own (information derived from another source)
  • A reference (or works cited) page For assistance with APA formatting please review

Reference no: EM131492255

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