Question

Finish- the attractiveness of the

Australian supermarkets for the entrants/Entrepreneurs

prepare the slides.

-Combine the report together

Answer 1

Economic, political, technological and legal environment for the Australia attracts entrants/Entrepreneurs.

Economic environment: Australia comes under top 20 largest economy in the world. It stands at the position of 13. The economy of Australia is growing along with business investment, and incomes of the people in the country. The country exports large amount of goods and services. This economy situation in Australia is promising and thus it attract new entrants and entrepreneurs.

Political: political environment is stable in Australia. This eliminates the risk of insable political policies.

Technological environment: Australia is a technological advanced country. The country is famous for adopting new and innovative technologies in order to increase its production. Investment in technologies is also rising which attracts entrants and entrepreneurs.

Legal environment: Australia has fair set of rules that benefits both, businesses and consumers in the country. The country has a clear an unique set of rules related to trading, competition and consumers. And, this leagl environment of the country also attracts entrants and entrepreneurs.