short answer please .! China and India have been the world\'s fastest growing ec

Question

short answer please .!

China and India have been the world's fastest growing economies in recent years, and Brazil is becoming a major force in international commerce. Write a short essay that summarizes how these three countries are changing the landscape of international business, and describe the arena in which each excels. Then choose some type of business that you would like to be involved in, and describe how and why you, as a manager in that business, would choose to work with other organizations in one of these three countries.

Explanation / Answer

I am selecting India among the three countries which will be used to describe the business strategy which I as a manager want to involve with.

India is one of the fastest growing economies in the globe. The most important factor of the Indian market is the high population like China. Most of the global companies are now focussing on the Indian market to increase their consumer base. One of the most profitable business in this country is the smartphone market. With the smooth and easy rule of foreign direct investment(FDI) now almost all global smartphone brands like Samsung, Apple, Xiomi are now trying to manufacture and sell their products to India. With the new Digital India Initiative of the Federal Government people are in an extensive manner using smartphones for their daily activities. Booming IT Sector in India is also another great added advantage as it is providing the boost to smartphones and gadgets sell by providing new applications and features to the devices. Only the disadvantage of the market is that it is very competitive and you have to optimize your cost to the highest level possible in order to provide a lower cost for your product. Its a challenging environment in India and China as the customer churn is more here and the customer always prefers a great value for their money.

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