Canadian Wines will set up its business in Thailand, which would sell various types of ice wine products in the nation. For seeking benefit of the Canadian manufacturing facilities along with serving the markets that are yet to be explored, Canadian Wines made a decision to export ice wine to Thailand. The sales margin of Canadian Wines is expected to increase by 5% each year with the equivalent rise in cost of goods sold. This denotes that the demand for ice wine would be greater in the market. All the expenses will be kept under tight control and the accountant of the organisation would make necessary changes in the budget with the changing market and overall economic conditions. The cash base of the organisation would be strengthened as well, since tight policy for the debtors would be made from the initial stage. Thus, it could be inferred that Canadian wines is expected to operate successfully in the Thai market.
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