Preview

Export Market

Good Essays
Open Document
Open Document
1369 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Export Market
BSBMKG517A - Assignment 2
Elenor Bailey

Task 1
You are required to prepare a macro-environmental analysis that covers the following five forces for the chosen international market:

Demographic forces

Population of the USA is 314,847,000 people, which makes it the third most populous country in the world. The population is very urbanized with 82% of people residing in cities and suburbs, which leaves vast areas of the country uninhabited. The most densely populated state is New Jersey, while California and Texas are the most populated states by numbers and New York City is the most populated city in the USA.

In the map below (taken from the Wikimedia Commons), you can see the U.S. population density in persons per sq. mile:

Legend, light to dark (white to dark blue): • 0-1 (white) • 1-4 (yellow) • 5-9 (yellow-green) • 10-24 (green) • 25-49 (teal) • 50-99 (dark teal) • 100-249 (blue) • 250-66,995 (violet)

[pic]

The median age for males is 35.5 years old and for females 38.1 years. The age structure as a percentage is as follows: • 0-14 years = 20.2% • 15-64 years = 67% • 65+ = 12.8%

The gender ratio is: • At birth: 1.048 male/female • Under 15 years: 1.04 male/female • 15-64 years: 1 male/female • 65 years and over: 0.75 male/female • Total population: 0.97 male/female

USA Race/Ethnicity: • White or European Americans: 72.4% (of which 8.7% are Hispanic or Latino) • Black or African American: 12.6% (of which 0.4% are Hispanic or Latino) • Asian: 4.8% (of which 0.1% are Hispanic or Latino) • American Indian: 0.9% (of which 0.2% are Hispanic or Latino) • Native Hawaiian: 0.2% • Other: 9.1% (of which 7% are Hispanic or Latino)

Educational Attainment
The educational attainment of the USA has a high majority of the population having completed secondary education and a rising number of college graduates

You May Also Find These Documents Helpful

  • Powerful Essays

    Keller Econ 545 Project

    • 4023 Words
    • 13 Pages

    Colby, S. & Ortman, J. (2015). Projections of the Size and Composition of the U.S. Population: 2014 to…

    • 4023 Words
    • 13 Pages
    Powerful Essays
  • Better Essays

    With more than 318 million population (Census), the United States remains as one of the…

    • 1489 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Unit 2 Vocabulary

    • 2031 Words
    • 10 Pages

    ex.- France has a population of 60,561,200, and an area of 551,695 square kilometres, so its population density is about 109.8 persons per square kilometer.…

    • 2031 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    (FBI 2012 count). In the last U.S. Census (2012) taken there was and estimated 313,000,000 total…

    • 759 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Howard County is known to be a successful county with outstanding recreation and entertainment. An historic mill which welcomes everyone and makes everyone feel at home. Howard county is located at the central Maryland between Baltimore and Washington. Howard County is ranked as one of the most affluent, advanced and educated communities in the United States. The total land area of 160,640 acres which is the smallest county in Maryland. Howard county is a business environment. Howard county population is 317,233.…

    • 659 Words
    • 3 Pages
    Good Essays
  • Better Essays

    as much as Canada, which has a population of 35.1 million people. Also, most of the…

    • 1480 Words
    • 6 Pages
    Better Essays
  • Good Essays

    country with a population of 454,863 in 2005. The 2004 American Census reported that 69% of…

    • 609 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Global Market

    • 890 Words
    • 4 Pages

    The Callaway Golf might have pros and cons if they prefer either to use of a global marketing or multi-domestic marketing. The Callaway Golf can have a big market in worldwide which may increase the amount of its revenue. Moreover, the products of Callaway can be known by people around the world, especially who interested in golf. By using the global marketing approach to marketing for Callaway, the company may have no problem in producing and distributing its products to other countries because of the same products inside and outside the United States. The only thing that the company needs to focus on is the quality control of the products. However, the Callaway Golf might face a problem if its products unable to compete to the foreign companies because of product incompatibility. The price of the products may also be a main problem because the ability to purchase of the customers in each country is different. The Callaway Golf would also have variety of the customers which have totally different wants and needs of customers inside and outside the United States. By using the multi-domestic approach to marketing for Callaway, these could pose a new challenge for the company to adjust to the new customers outside the United States. It may consume a lot of time and cost to adjust a new product regarding of their wants and needs. The most challenges part that the company might have is the difference of the culture of each country. The company must be careful not to engage in ethnocentrism because it can be fatal when the company did wrong. In addition, this could make the company become lost focus on its company in the United States. I would prefer a multi-domestic approach to marketing for Callaway because it is more flexible to enter other countries which had different cultures, needs and wants. Although it needs more time and money to do the market research to foreign countries, it is safer to expand the company. The company may also learn the…

    • 890 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Over half of the population who identified as non-White are Latino/a American. Furthermore, it is noted that more than half of the population growth that occurred between 2000 and 2010 was due to an increase in the Latino/a American population. It was reported that from 2000 to 2010, the Latino/a American population increased by 43 percent thus making Latino/a Americans 16 percent of the overall U.S. population. On the other hand, a decrease in growth of the non-Hispanic White population was reported with a growth rate of less than one percent in a decade (Ennts et al.,…

    • 1087 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    APHG Unit Test Answers

    • 1172 Words
    • 5 Pages

    The current population pyramid of the United States has a noticeable bulge in the middle, which is due primarily to:…

    • 1172 Words
    • 5 Pages
    Satisfactory Essays
  • Good Essays

    Idkwhatisgoingon

    • 760 Words
    • 4 Pages

    In recent years, the United States has slipped behind foreign nations in educational ranks. Twenty years ago, the U.S. ranked first both among adults ages 25-34 who have a high school diploma and those who have a college degree. Currently the U.S. ranks ninth among adults who have a high school diploma and seventh among adults who have a college degree.…

    • 760 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Advanced Export Marketing

    • 1495 Words
    • 6 Pages

    where anybody can apply for help in exporting which will be called " A FOOT…

    • 1495 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Market Export Strategy

    • 16695 Words
    • 67 Pages

    International Marketing Table of Contents 1 Introduction 5 2 Methodology 6 3 Executive Summary 7 3.1 Marketing plan 7 3.2 Market segmentation 7 3.3 Positioning 7 3.4 Market mix 7 3.5 Product adaptation 7 3.6 Promotional mix 8 3.7 Distribution/distribution channels 8 3.8 Pricing 8 3.9 Financial statements and budgets 8 4 Mission Statement 9 5 The Marketing Plan 9 5.1 Marketing Objectives 9 5.1.1 Target Market 10 5.1.2 Positioning 12 5.1.3 Market Penetration and Coverage 12 5.1.4 Expected Sales 15 5.1.5 Profit Expectations 15 5.2 Product Adaptation 16 5.2.1 Core component description 16 5.2.2 Packaging 16 5.2.3 Services 17 6 Promotion mix 19 6.1 Advertising 19 6.1.1 Objectives 19 6.1.2 Promotional Goal 20 6.1.3 Detailed promotional strategy for our test market 21 6.1.4 Conclusion 31 7 Distribution from Ireland to the USA 32 7.1 Mode selection 32 7.1.1 Transportation within Ireland 32 7.1.2 Transportation to the USA 32 7.1.3 Transportation within the USA 32 7.2 Selection of ports 33 7.2.1 Port in Ireland 33 7.2.2 Port in the USA 33 7.3 Packing 33 7.3.1 Coding and labeling regulations 33 7.3.2 Packaging of our product 34 7.4 Documentation required 35 7.4.1 Transportation documents: 35 7.4.2 Commercial documents: 36 7.4.3 Government documents: 37 7.4.4 Other important documents: 38 8 Channels of Distribution 40 8.1 Introduction 40 8.2 Foreign market entry 40 8.3 Foreign Manufacturing 40 8.3.1 Production and exporting 40 8.3.2 Bottling in the US 40 8.4 Joint Venture 41 8.4.1 Explanation 41 8.4.2 Diageo 41 8.4.3 Implications & Benefits 41 8.5 Wholesalers 42 8.5.1 Functions 42 8.5.2 Mark-up 43 8.5.3 Methods of operation 43 8.5.4 Scale of operation 43 8.6 Retailers 43 8.6.1 Type & number 43 8.6.2 Retail mark-up 44 8.6.3 Methods of operation 44 8.6.4 Scale of…

    • 16695 Words
    • 67 Pages
    Good Essays
  • Good Essays

    Import and Export Business

    • 2377 Words
    • 10 Pages

    The role of governments role in influencing the ability of firms to compete internationally or are they a hindrance.…

    • 2377 Words
    • 10 Pages
    Good Essays
  • Better Essays

    EXPORT DIVERSIFICATION

    • 629 Words
    • 4 Pages

    3.3.1 Highest priority sectors will refer to those product-sectors which have special export potentials, but such potentials could not be utilized properly due to certain constraints, and more success is attainable if adequate support is rendered to them. These are:…

    • 629 Words
    • 4 Pages
    Better Essays

Related Topics