Throughout this course, you will complete a trade project designed to provide a comprehensive unders ...

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Throughout this course, you will complete a trade project designed to provide a comprehensive understanding of international trade and investment principles. Your project will involve conducting academic research while applying key theories and concepts from the course to practice. The project will take place over seven stages, focusing on trade between the U.S. and a foreign country, using a product or service of your choice. Your business will follow one of the following models: Import a product from the foreign country to the U.S. Export a product from the U.S. to the foreign country. Bring in a service from the foreign country to the U.S. Expand a service from the U.S. to the foreign country. The product or service you choose can be real or hypothetical, but it must be aligned with the context of international trade. KNOWLEDGE AREAS COVERED IN THIS PROJECT: Macro Environment Analysis: Apply the PESTEL model to assess political, economic, social, technological, environmental, and legal factors. Contemporary Issues: Examine contemporary issues in international trade and investment between the U.S. and the chosen foreign country. Competitive Environment: Analyze the competitive landscape using Porter’s Five Forces model. Competitive Advantage: Explore the competitive advantage of your business in the international context. SWOT Analysis: Conduct a SWOT analysis to evaluate the strengths, weaknesses, opportunities, and threats for your trade initiative. Market Entry Strategy: Develop a strategy for entering your target market, including selecting the most appropriate entry mode. Trade Agreements: Analyze trade agreements between the U.S. and the foreign country or region. Rules and Regulations: Review the regulatory requirements for exporting/importing the product or expanding the service in international markets. Stage 1: Preparation - Initial Proposal Task: Your group is required to select a product or service that you wish to import into or export from the U.S., or expand from the U.S. into a foreign country, or vice versa. You will also need to identify the specific target country for your chosen product or service. The product/service can be either existing or hypothetical (for example, a product/service you envision emerging in the future). Your selection should be supported by academic and practical rationale, including considerations such as market demand, regulatory environment, and potential competitive advantage in the international context. Deliverable: Submit a brief proposal (around two pages) that outlines: Your chosen product or service. (Highlight any certifications) The direction of trade (import/export or service expansion). The target country. Rationale for your choices, including market demand, the regulatory environment, competitive advantages, and any other relevant factors. Cite at least three academic or credible sources that support your rationale (use APA style). Above are the instructions for the whole project, this week only involves the first part which are these instructions Products and website: https://sadefgida.com