Question

In your opinion, what is the most important factor to consider when determining if it is feasible to do business in a country? Support your answer with an example.

Answer 1

Answer : As we know there are various factors which influence the feasibility to do business in the country. But as per my view the political and legal factor is utmost important for making wise decision related to the start up of the business in the country. These factor includes :

• Law of the country that influence the business such as in some country there is law related to restrictions in the holding of the business and running. Example : In Thailand the 51% of holding are with thailand resident and 49% are holding by non-thailand person in the business set up profile
• Tax system of the country has been influenced a lot . As businessman has to check in advance that there is business floursihed in that country or not.
• Stabilty of the country is an important factor such as For Example iraq and eqypt there are political unstability and chances of occuring business flucation are very high.
• Per capita income of the potential customer is also an important factor. As they want to check the ability of there customer to pay for the product.

Conclusion : As per selection of the business feasibility there are two factor such as political and legal factor which influence the business feasibility a lot.