you work for a midsize machinery firm that has never sold anything abroad. top managers have asked you to identify the the top five potential markets that your firm can focus on its initial efforts to

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you work for a midsize machinery firm that has never sold anything abroad. top managers have asked you to identify the the top five potential markets that your firm can focus on its initial efforts to

Category: Research Paper

Subcategory: Business

Level: College

Pages: 1

Words: 275

Potential Markets
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Potential Markets – Outline
Introduction
Growth and expansion are the ultimate goals for any business. Regardless of the industry or sector that the business is based, every enterprise usually looks forward to increasing its market command through expansion. However, this expansion has to be done systematically and strategically to achieve the best outcome.
Thesis statement: The fast-growing economies with great political stability and stratified industries are the top potential markets for a business to expand its operations.
Body
The agricultural sector is one of the most fundamental industries in most economies. It is through the sector that the manufacturing, processing, and tertiary industries base many of their operations. Therefore, this midsize machinery firm can achieve higher success by using this approach in identifying potential expansion markets.
Ethiopia
Situated in Eastern Africa, Ethiopia ranks top five in the highest growing economies (Gray, 2017). The country is among the world’s highest producers of coffee. Agriculturally intensive.
Brazil
It is the world’s top producer of coffee. Very agricultural intensive with one of the most diverse climates and biodiversity in the world.
India
With a population of more than 1 billion people, the country is a growing economy that has a big market for machinery equipment.
Bhutan
Despite its small area size, it has an economic growth of about…

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