Team+2

= = = = = = ‍Great and easy way of writing with a quick way to replace snapped lead in just seconds. Would not need to carry around multiple pencils for when they break or get to short to sharpen, because all you need with mechanical pencils is lead to insert into the pencil. Also guarantees to prevent craps in hand by having a super soft cushion grip for writing. The mechanical pencil lead that the pencil would use would be 0.5mm. = = = = = = = = = = = = = = = = = = = = = = = = = = = = == = ‍Citations: =
 * = Exporting Plan =
 * US to Italy **
 * ‍ ****‍ ****‍ ****‍Product Description ****: **Mechanical Pencils
 * ‍ ****‍‍‍ ****Foreign Business Environment **
 * ‍ ****‍‍‍Cultural and Social Factors: **Kids only have to go to school until they are 16. Since the increase of the literacy rate in the 14th and 15th centuries more people will be in school.
 * ‍ ****‍‍‍Geography: **<span style="font-family: 'Arial','sans-serif'; font-size: 27px;">Italy is a peninsula so we would have a easy time importing our good in to ports. Also Italy is only about the size of Georgia and Florida combined so we wouldn’t have to spend too much money on gas if we were to use a truck to transport our goods to different warehouses in Italy. Although Italy is very rugged and mountainous so we would need to have to transport by truck.
 * <span style="font-family: 'Arial','sans-serif'; font-size: 27px;">‍ ****<span style="font-family: 'Arial','sans-serif'; font-size: 27px;">‍‍‍Economic Conditions: **<span style="font-family: 'Arial','sans-serif'; font-size: 27px;">America and Italy are both members of G8 (The Group Eight) they cooperate closely. Unemployment rate is a huge issue so we would have many opportunities
 * <span style="font-family: 'Arial','sans-serif'; font-size: 27px;">‍ ****<span style="font-family: 'Arial','sans-serif'; font-size: 27px;">‍‍‍Political or Legal Factors: **<span style="font-family: 'Arial','sans-serif'; font-size: 27px;">The Italian republic is democratically represented by the parliament.
 * <span style="font-family: 'Arial','sans-serif'; font-size: 29px;">‍ ****<span style="font-family: 'Arial','sans-serif'; font-size: 29px;">‍‍‍Market Potential **
 * <span style="font-family: 'Arial','sans-serif'; font-size: 27px;">‍ ****<span style="font-family: 'Arial','sans-serif'; font-size: 27px;">‍ ****<span style="font-family: 'Arial','sans-serif'; font-size: 27px;">‍ ****<span style="font-family: 'Arial','sans-serif'; font-size: 27px;">‍Type of Customer: **<span style="font-family: 'Arial','sans-serif'; font-size: 27px;">The mechanical pencil would be a great product to sell to student, teachers and business people that need something they don’t have to sharpen if the lead happens to break. It would be great for teachers to student since sometime student will forget a writing utensil.
 * <span style="font-family: 'Arial','sans-serif'; font-size: 27px;">‍ ****<span style="font-family: 'Arial','sans-serif'; font-size: 27px;">‍‍‍Our Methods to Attract Potential Buyers: **<span style="font-family: 'Arial','sans-serif'; font-size: 27px;">We can advertise the product on business channels and store where they sell school supplies. We can convince them that it will last longer than normal pencils and that they are better than the rest.
 * <span style="font-family: 'Arial','sans-serif'; font-size: 27px;">‍ ****<span style="font-family: 'Arial','sans-serif'; font-size: 27px;">‍ ****<span style="font-family: 'Arial','sans-serif'; font-size: 27px;">‍ ****<span style="font-family: 'Arial','sans-serif'; font-size: 27px;">‍Estimated Sales: **<span style="font-family: 'Arial','sans-serif'; font-size: 27px;">The estimated sales for the mechanical pencils would be high. They would be high because many people use them from drawing and paintings. Both of those are hobbies in Italy so people would be buying a lot of pencils.
 * <span style="font-family: 'Arial','sans-serif'; font-size: 29px;">‍ ****<span style="font-family: 'Arial','sans-serif'; font-size: 29px;">‍‍‍Export Transaction Details **
 * <span style="font-family: 'Arial','sans-serif'; font-size: 27px;">‍ ****<span style="font-family: 'Arial','sans-serif'; font-size: 27px;">‍ ****<span style="font-family: 'Arial','sans-serif'; font-size: 27px;">‍ ****<span style="font-family: 'Arial','sans-serif'; font-size: 27px;">‍Taxes: **<span style="font-family: 'Arial','sans-serif'; font-size: 27px;">The European Union's Right of Establishment treaty requires that Italy provide national treatment, or equal treatment, to foreign investors based in Italy or in another European Union state. Anti-trust laws between Italy and the European Union prevent any business relations involving foreign firms from compromising the national economy if this was to occur. The government is <span style="color: #232323; font-family: 'arial','sans-serif'; font-size: 27px;">appropriate <span style="font-family: 'Arial','sans-serif'; font-size: 27px;"> any private property deemed necessary for the interests of the national economy, while promising fair compensation.
 * <span style="font-family: 'Arial','sans-serif'; font-size: 27px;">‍ ****<span style="font-family: 'Arial','sans-serif'; font-size: 27px;">‍‍‍Shipping documentation: **<span style="font-family: 'Arial','sans-serif'; font-size: 27px;">The documents required to ship your product to Italy are the inspection certificate, certificate of origins, customer invoice, and consular invoice. The European Union will also demand that you receive a license to trade with Italy.
 * <span style="font-family: 'Arial','sans-serif'; font-size: 27px;">‍ ****<span style="font-family: 'Arial','sans-serif'; font-size: 27px;">‍ ****<span style="font-family: 'Arial','sans-serif'; font-size: 27px;">‍ ****<span style="font-family: 'Arial','sans-serif'; font-size: 27px;">‍Time to Execute Plan: **<span style="font-family: 'Arial','sans-serif'; font-size: 27px;">It will take approximately 2 to 5 business days for exporting to Italy.

Bureau of European and Eurasian Affairs,. "Background Note: Italy." //U.s. department of state//. U.S. Department of State, 2011. Web. 7 Feb 2012.

"2011 Index of Economic Freedom." //italy information on economic freedom| facts, data, analysis,charts and more//. The Heritage Foundation, 2011. Web. 7 Feb 2012. [].

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=Organizing International Business Activities - Instructions= ==‍‍‍Introduction==
 * NOTE: All //italicized text// must be deleted AFTER that section is complete.**

Italy became a nation-state in 1861 when the regional states of the peninsula, along with Sardinia and Sicily, were united under King Victor
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EMMANUEL II. An era of parliamentary government came to a close in the early 1920s when Benito MUSSOLINI established a Fascist dictatorship. His alliance with Nazi Germany led to Italy's defeat in World War II. A democratic republic replaced the monarchy in 1946 and economic revival followed. Italy was a charter member of NATO and the European Economic Community (EEC). It has been at the forefront of European ===== ==

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economic and political unification, joining the Economic and Monetary Union in 1999. Persistent problems include illegal immigration, organized crime, corruption, high unemployment, sluggish economic growth, and the low incomes and technical standards of southern Italy compared with the prosperous north.The Ethnic groups consist of small clusters of German-, French-, and Slovene-Italians in the north and Albanian-Italians and Greek-Italians in the south. Languages spoken in Italy range from Italian, the official languages, German, French, and Slovene. The religions practiced by the Italians; 90% Roman Catholic, the other 10% consist of Protestant and Jewish communities and a growing Muslim community. Italy has a diversified industrial economy, which is divided into a developed industrial north, dominated by private companies, and a less-developed, welfare-dependent, agricultural south, with high unemployment. The Italian economy is driven in large part by the manufacture of high-quality consumer goods produced by small and medium-sized enterprises, many of them family owned. ===== //Utilize the CIA Factbook to help you. Be detailed and specific in your explanations - a minimum of 250-300 words with links, graphics, and annotations.//

==‍‍‍Economic Conditions== <span style="font-family: 'Times New Roman',serif; font-size: 11.5pt;">Italy legal system is based on the Roman law and it has Judicial System. The Judicial System consists of several courts and body of judges. And the highest court is Supreme Court. The laws of Italy on trade relations are that com items cannot enter the country such as dairy product, radioactive products and firearms. Food products must have documentation on them in order for them to be allowed in the country. If these items are imported into the country then there is a fine and most items that are imported are taxed. All textile products must be permanently affixed with a readily accessible label containing the designer and the company. Many regulations are set on business if they do not have correct documentation on certain pro ducts. [] [|http://www.fedex.com/us/international/irc/profiles/irc_it_profile.html?gtmcc=us#C04]

==‍‍‍Imports, Exports, and Trade Relations== <span style="font-family: 'Times New Roman',serif; font-size: 11.5pt;">Italy imports a lot of things but some of the major imports are engineering products, energy products, minerals and nonferrous metals, textiles, clothing, food and electronics. And the countries that supply these products to Italy are Germany, France, China, the Netherlands, Spain and of course the United States. The exports for Italy are quite similar with by Italy exporting engineering products, textiles, clothing, food and motor vehicles. Italy also exports to many of the same country that they get imports from like, Germany, France, Spain and the United States but two that they don’t get imports from but they do export too are the United Kingdom and Switzerland. Many of the items that are imported are needed to make their cars and their textiles are used because they may not have many textile companies to make clothes so they may need to import them to make certain materials. Italy also trades metals and minerals due to the face that they the metals and minerals needed for certain task aren’t native to the country. Also like the food. Most of the imports and exports make up the economy due to the fact that in order for a business to succeed they might need certain things to make their own product to sell. []

‍‍‍Currency: Values and Factors
<span style="font-family: 'Times New Roman',serif; font-size: 11.5pt;">The major currency of Italy is the Euro, this is the only currency used in this region considering most countries in Europe use Euros. Four factors that may influence currency values in Italy are <span style="font-family: 'Times New Roman',serif; font-size: 11.5pt;">The value of the Euro can change at any point and time things such as the Euro zone and world economies slowing down and largely due to global economic crises and the impact on exports and domestic demands. Also debt can change the value of the Euro as seen in this graph. <span style="font-family: 'Times New Roman',serif; font-size: 11.5pt;">As you can see in the graph all these countries are borrowing money and falling deeper and deeper in debt which is why the value changes. If the value of the Euro decreases then the relative debt decreases as well. As well taxes would be raised to collect more money which will slow down the economy. Since every country in Europe uses the Euro as their currency the same risk for the decline or incline of money is almost the same in the region. It may vary considering how much debt the country is in and how often they are exporting goods. [] [|An Overview of the Euro Crisis - Interactive Graphic - NYTimes.com.htm] [] <span style="background-color: #ffffff; display: block; font-family: arial,helvetica,sans-serif; font-size: 13px;">[] [] //economic and political factors influence currency values in your country? How do those factors differ from factors in other countries in the region? Be detailed and specific in your explanations - a minimum of 250-300 words with links, graphics, and annotations. Bonus-contact the consulate for your country and obtain information about shopping and currency in your country. Link to Consulates//
 * 1) <span style="font-family: 'Times New Roman',serif; font-size: 11.5pt;">Relative prices in the traded and non-traded sectors
 * 2) <span style="font-family: 'Times New Roman',serif; font-size: 11.5pt;">The relative fiscal (financial) position
 * 3) <span style="font-family: 'Times New Roman',serif; font-size: 11.5pt;">The real price of oil
 * 4) <span style="font-family: 'Times New Roman',serif; font-size: 11.5pt;">The real international interest rate differential

==‍‍‍Laws and Regulations== Trade in Italy is very controlled and monitored by laws. Italy is a 7th in the world in economic trade and it is obligated to maintain European Union regulations and treaties, some of which affect international business investments. The European Union's Right of Establishment treaty requires that Italy provide national treatment, or equal treatment, to foreign investors based in Italy or in another European Union state. Anti-trust laws between Italy and the European Union prevent any business relations involving foreign firms from compromising the national economy if this was to occur. The government is appropriate any private property deemed necessary for the interests of the national economy, while promising fair compensation. It's noted that some U.S. citizens have complained about injustice involving the Italian government's appropriation of their property. According to the U.S. Department of Commerce, this does not reflect systematic discrimination against U.S. investors, but flaws inherent in Italy's judicial system regarding dispute settlements. Although it conforms to international legal requirements, Italy doesn't possess the same rights protections found in the U.S. and other European countries.

Country Comparisons
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==‍‍‍Consumer Products/Services==
 * <span style="font-family: 'Times New Roman','serif'; font-size: 16px;">Some unique products that Italy is famous for are their wines, leather goods, foods and unfortunately they are the 3rd largest producer of counterfeit goods, and the largest in Europe. They lead the nation in consumers of fake products. This is probably because first impressions are everything in Italy. First impressions are lasting impressions in Italy so the concept of “bella figura” or good image is important. Appearance matters in Italy and defines their family’s social status, background and educational level. Clothes, shoes, accessories are important fashion statements. “Bella figura” is more than just dressing well, but it is a person’s aura-confidence, style, demeanor, etc. They watch another’s “bella figura” to make personal and business impressions. Italians appear modern and fashionable but yet are more traditional than Americans. **
 * <span style="font-family: 'Times New Roman','serif'; font-size: 16px;">Italian’s main focus is their family. This is their social structure and they value each other’s opinions. They often even reside together in one house. Family provides both emotional and financial support to its members. Business decisions and what they buy is influenced by their family. They trust family members, not sales people. Religion is important and the primary religion is Catholic. Although church attendance is low, the influence of the church is high, businesses with crosses and religious statues are prominent and makes the Italians feel comfortable doing business there. **
 * <span style="font-family: 'Times New Roman','serif'; font-size: 16px;">Italians prefer to do business with those they know and trust. They are a low-trust society of outsiders. A third party introduction is important in establishing an initial platform. Italians prefer face to face contact so it is important to spend time in Italy establishing contacts. They will want to know something personal about someone before doing business together. It is good to get to know their personal interests and share yours also. The more intimate the better. **
 * <span style="font-family: 'Times New Roman','serif'; font-size: 16px;">Business appointments are mandatory and punctuality important. Italians respect hierarchy and prefer to do business with high ranking people, they also respect power and age. Italians are extremely impressive communicators and may talk loud and with their hands. Business decisions are based more on you than on business objectives. **
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==‍‍‍Small Business Success== Key advantages to setting up businesses in Italy are the geographical position of Italy ( the center of the Mediterranean and the infrastructural links with the other countries of Europe) allowing it to form a crossroads for international trade, a natural bridge between Europe and Africa. Also North Italy, has one of the highest per capita incomes in Europe. Italian consumers are sophisticated and demanding, in terms of quality. High-quality consumer goods often do very well, and designer items are also very popular. Innovative high-quality products are always of interest. Before undertaking any business transactions in Italy, it’s important to make sure that you’re operating within the law. There are severe penalties for anyone who ignores the regulations and legal requirements. Businesses must register for value added tax. Non-EU nationals require a special license to start a business in Italy and no commitments should be made until permission has been granted. Sources of help and information are local chambers of commerce and town halls You shouldn’t consider running a business in Italy in a field in which you don’t have previous experience unless experience isn’t really necessary. It’s often wise to work for someone else in the same line of business in order to gain experience, rather than jump right in. Always thoroughly investigate an existing or proposed business before investing any money. Italy isn’t a country for amateurs who don’t speak Italian fluent. Many small businesses aren’t what would be considered thriving enterprises. Most people are self-employed for the lifestyle and freedom it affords rather than the financial rewards. It’s important to stay manageable, and stay within your budget. In addition to problems with the Italian authorities, you can come into contact with crooks who will try to trick you out of your money. You should always have a suspicion regarding the motives of anyone you do business with in Italy especially your Italian men. It’s also generally best to avoid partnerships, as they rarely work and can be a disaster. Never sign anything or pay any money before having a contract checked by a lawyer. In most cases you’re better off dealing with a long-established Italian company with roots in the local community with a good reputation to protect. If things go wrong you may not be protected by Italian law. [] [] [] //Small businesses are important for jobs and economic growth in every country. For this section research information on small businesses in your country (those with less than 10 employees). What difficulties are commonly faced when starting or operating a small business in your country? How do small business owners overcome these challenges? Bonus: Contact a small business owner in your country and interview them via email to discover how they meet the challenge of running a small business in their country. Be detailed and specific in your explanations - a minimum of 250-300 words with links, graphics, and annotations.//
 * Legal Advice **
 * Experience **
 * Risks **

==‍‍‍Conclusion== The things we learned during this project was that is wont be very easy to be sucessful businessman in another country. You would have to do a lot of research on what resources that country would have and if they didn't have them where you would get them for a low price to make a profit. And what people want to buy in this country for how much due to how their economy is doing at the time being. Another thing that would have to be considered would be the laws that are set in place for what you can sell and what you can import and export. Also the taxes that are set on items so you would have to pay those taxes and still try and make a profit. So in all if you can do theses things you would be very sucessful making business in another country. ||  ||



Bianka, JT, Adam Jeopardy Game jeopardylabs.com/play/enter-title49820.

**__References__**

[|http://www.indexmundi.com/italy/gdp_per_capita_(ppp).html] [|http://www.indexmundi.com/canada/gdp_per_capita_(ppp).html] [|http://www.indexmundi.com/germany/gdp_per_capita_(ppp).html] []]

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<span style="display: block; font-family: arial,helvetica,sans-serif; font-size: 110%; text-align: center;">__** Questions **__


 * 1) All these work together because it helps to economy function and circulate.
 * 2) Countries associated with global trade can use this to decide which countries will help there company be successful.
 * 3) The development changes in the three countries decreased in the year 2009.
 * 4) These change shows that there was some economical challenges.

__**Translations**__ 1. Where is the bathroom? - Dove è il bagno? 2. What time is it? -Che ora è? 3. Good morning. -Buon giorno. 4.Hoe much does it cost? Quanto costa ?

media type="custom" key="10816620"

Chapter 4 1. Italy operates under a monarchy system. 2. The title of the leader in Italy is the President. His name is Giorgio Napolitano. 3. Italy has more than one political party. They are Christian Democratic, Italian Communist Party, Italian Socialist Party, and Italian Republican Party. Italian Communist is in power now.