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Why and how the government of Singapore promotes international trade

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Added on  2021-01-02

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PORTFOLIO OF WORK INTRODUCTION 1 ASSESSMENT 1 1 Reflective report1 ASSESSMENT 2 1 PEST Analysis 1 ASSESSMENT 3 4P's marketing plan 4 ASSESSMENT 4 8 Why and how the government of Singapore promotes international trade process. 8 Importance of free trade for growth and survival of Singapore 9 Role of Singapore's government in achieving title of the most open economy in the world and highly developed trade oriented market 9 ASSESSMENT

Why and how the government of Singapore promotes international trade

   Added on 2021-01-02

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PORTFOLIO OF WORK
Why and how the government of Singapore promotes international trade_1
Table of ContentsINTRODUCTION...........................................................................................................................1ASSESSMENT 1 ............................................................................................................................1Reflective report...........................................................................................................................1ASSESSMENT 2 ............................................................................................................................1PEST Analysis.............................................................................................................................1ASSESSMENT 3 ............................................................................................................................44P's marketing plan......................................................................................................................4ASSESSMENT 4.............................................................................................................................8Why and how the government of Singapore promotes international trade process....................8Importance of free trade for growth and survival of Singapore...................................................9Role of Singapore's government in achieving title of the most open economy in the world andhighly developed trade oriented market.......................................................................................9ASSESSMENT 5...........................................................................................................................10Social issue of Unemployment..................................................................................................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
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INTRODUCTIONPortfolio of work is related with beliefs, qualifications, training and education of anindividual related to their work (Khan, Khan, and Mahmud, 2016). This portfolio of study willbe segregated into five assessments. The first assessment will lay emphasis on reflective report.Then second assessment will describe about PEST analysis of a given company in a scenariowhich is Hollister and it is followed by marketing mix which includes 4P's in third assessment.The fourth assessment will reflect a case study which is based on free trade in Singapore. Fifthassessment in the report will lay focus on social issues. ASSESSMENT 1 Reflective reportWhat and who has been influentialI enhance my learning and knowledge for preparing this study of portfolio of work. This reportinfluences my learning capabilities as I gain new knowledge regarding these topics which arecovered in the report. Major milestones in my lifeThe major milestone in my life that I found my career growth. As this report will include freetrade in Singapore which inspire me to opt for businesses and enhance myself to establish abusiness. So, that I can contribute towards economy and growth of my country. Decisions made The decision I made that I want to start an entrepreneurial business for which I access myknowledge in the field of my interest. By this I can operate a new business entity in comingyears.How and why I do things differentlyAs I am very creative person and I usually apply different innovative ideas for overcomingsituations in my life. I want to create path for other and make them influence by creating aposition of role model in their life. ASSESSMENT 2 PEST AnalysisThe PEST Analysis is an external environment analysis that affects the given company in thecase study that is Hollister. The company is planning to enter in UK and therefore, this helps to1
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identify their business environment. This analysis contains Political, Economical, Social andTechnological influences that affect functioning of the company Hollister.Political AnalysisSupport from government of various countries – Hollister is a company which deals incountries like US, Europe, Hong Kong, Shanghai and South Korea (Afonina, 2015). Thecompany ears political support which prevent them from hazards. Also, the companyprovides employment to natives of these country which helps government in increasing intheir employment ratio.Taxation policy – Taxation policies of different countries are different. The tax rates onimport and export duties are different. Also, the company faces different taxation policiesand rates which increases their overall expense and therefore affects revenue of thecompany.Political stability – The political stability is different in every country. Like, in Europesales of the company Hollister leads to sales drop when there is terrorist attack in thecountry and in China, when they fought against corruption in the market then thisincreases their purchase power and resultant the company sales and profitabilityincreases. Economic AnalysisIncrease in Employment ratio – The company Hollister is providing employment tonatives of the country in which they are trading. Hollister offers job opportunities andemployment to natives of respective country which leads to increase their employmentratio (Dale, and Frank, 2017). This is beneficial the company as well as trading country. Increase in sales during times of recession - The Hollister is a company whose price ofclothing is normal and a person with nominal income can buy their clothes. That is whyin times of recession when peoples spend less on clothing of luxury brands like Burberry.Therefore, the consumers finds substitute by purchasing from clothing on nominal pricesuch as Hollister.Government spending on infrastructure – The government of every country spend oninfrastructure to improve and facilitate their countries environment of business. Butamount of money spend in every country is different. The company like Hollister faces2
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