Team+6

Rodrigo, Ellis, Frida

=__ **Exporting Plan** __= =US to Spain= = ‍Product Description: Rolling Desk Chair= = ‍Foreign Business Environment =
 * Description:** Its a black desk chair that rolls on 5 wheels. It allows you to move quickly around your desk. You can it spin, slide, and there is a lever on the side to adjust the height easily. This chair is no bigger and heavier than the average chair. This chair also eliminates the annoying screeching sound regular chairs do, allowing you to keep focus on your priority. Also this type of chair makes it quicker to get a hold of things.
 * Changes:** Assembly required.

‍Cultural and Social Factors:
The main factor that would benefit the sales in Spain would be their high literacy rate. Since, they focus in education they would most likely provide nothing but the best resources available.

‍Geography:
Because both Spain and the US have many habors, shipping by boat would be the easiest and cheapest way of shipping. Shipping through the Atlantic would be the fastest way to ship.

‍Economic Conditions:
Since, more than half of the population lives in urban areas, education is obviously a major target which will only increase over time. Spain is a mixed economy so it shows that they promote trade.

‍Political or Legal Factors:
Spain and the US are both democracy with mixed economy. = = = ‍Market Potential =

‍Type of Customer:
The type the customers we plan to target on are the ones in the school districts. The schools demand for school furniture from the district, therefore, we will supply the district as needed.

‍Our Methods to Attract Potential Buyers:
Spain is still industrializing, so focus on education is viral to Spain. They will need the standard materials for effective learning and that's where we come in and provide their school districts with low cost, high quality materials

‍Estimated Sales:
There are 815,000 full time students and 265,000 part time students in undergraduate programs that means that in Canada there are approximately 1,080,000 students participating in higher learning education. That number is expected to increase anywhere from 9 to 18 percent by 2016. If Canada bought an Engage for every student at $695 it would be estimated that we would make $750,600,000. This is because there really is no competition for the Engage LCD Screen.

= ‍Export Transaction Details =

‍Taxes:
The average import tax of Spain is 4.2%, and the VAT is 18% ==. **‍Shipping documentation:**== The documents needed are the Bill of landing, Commercial Invoice, Certificate of Origin. The bill of landing must include the information from the commercial invoice and an accurate description of the item. Two copies of the commercial invoice will be needed, one will be attached to the item from point A to point B and the other must be attached to the Bill of Landing. The invoice must include a description of the item along with an evaluation of the currency information. The Certificate of Origin is used to determine the correct rate of duty from the North America Free Trade Agreement (NAFTA). If this document is missing there is a possibility that the good will not be allowed into the country.

‍Time to Execute Plan:
It will take approximately 1 to 2 years to successfully execute our exporting plan. = = = ‍Citations =
 * Project 3
 * .N.p., 3 Feb 2012. Web. 7 Feb 2012. .

//This section should include a 250-300 word introduction, which includes a detailed definition of "International Business Activity" and includes information regarding historical, statistical, and other vital information on your country. 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.//
 * ==Introduction==

==‍‍‍‍‍‍Economic Conditions== Economic conditions: The economic conditions of Spain are very different from the ones here in the United States. Spain has been going through a very hard struggle during the past several years and apparently doesn’t seem to be getting better any time soon. Their [|unemployment rate] increased dramatically over the past several years and has made it one of the worst countries in all of Europe. In order for Spain to start stabilizing its economy, they would have to have an increase of at least 2.5% to create new jobs and help each citizen get an income. Spaniards have taken out [|loans] from banks in order to try to keep their homes or other belongings but banks have reached their maximum capacity and are trying to make ways to improve their economy. Prices for goods or services have had a hard time rising in the past several years making many citizens concerned but the government has been trying to make things turn around positively. Their government has tried making [|new reforms] to see if any progress can be done and since many Spaniards haven’t seen much change, they don’t go against it. This doesn’t mean they haven’t tried doing something about it. Even though not much has changed, some things that have brought positive changes to them have been their global trading. Years back, Spain was a very isolated nation when it came to trading and might be the reason why it’s been struggling. There are still many doubts about how Spain will turn out but they do seem to be doing better even if it’s just little by little. [] [] []

==‍‍‍‍‍‍Imports, Exports, and Trade Relations== //This section should include a list of major imports and exports of both your country and several countries in the region. Explain why these items are comminly bought and sold by people in the region. Be detailed and specific in your explanations - a minimum of 250-300 words with links, graphics, and annotations.//

==‍‍‍‍‍‍Currency: Values and Factors== The major currency in Spain is Euros. Compared to dollars from The United States, one dollar in the US is equivalent to 1.33 in Euros. Euros are not just used in Spain; they are used in most European countries known as the Eurozone, in fact, 12 out 27 counties in Europe use the euro currency. The Euro is the second largest most traded currency in the world, landing behind the USD (United States Dollar). The economic factors that affect the value of the euro in Spain are the fiscal and monetary policy, inflation levels, growth and health, budget deficits, and trade levels. The fiscal policy (budget/spending practices) and monetary policy, in which the central government influences the supply and cost of money, are reflected by the level of interest rates. The economic condition, are the inflation levels, where a currency will lose value if there is a high level of inflation in Spain or if inflation levels are rising. The economic growth and health, such as gross domestic product (GDP), employment levels, retail sales, capacity utilization and others. Therefore, the healthier and bigger Spain's economy is, the Euros will perform better, and there will be more demand for it. Government budget deficits. Lastly, balance of trade levels and trends. Political factors that affect the value of the euro are internal, regional, and international political conditions. These factors differ from other countries in the region by having the opposite effect in the fiscally responsible political faction. They can either have a positive or negative interest in which that affects the neighboring countries’ currency. //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//

==‍‍‍‍‍‍Laws and Regulations== //For this section locate and list examples of laws that affect business activities and international business trade in your country. How do these laws and regulations compare with those of the United States?////Be detailed and specific in your explanations - a minimum of 250-300 words with links, graphics, and annotations.//

==‍‍‍‍‍‍Consumer Products/Services== Spain is well known for a major industry; [|tourism]. Tourism is by far the biggest industry in Spain because of the natural beauty and its architecture. Construction is also another servicer that is vital to Spain since one their main industries is tourism. Either if it’s keeping the old infrastructure in good conditions or the construction of new buildings, whatever keeps the famous attraction. Also, Spain is one of the world’s largest exporters of [|fruits] like oranges and lemons. Grapes are another main fruit grown in Spain since they produce a lot of wine. People demand so much of the [|wine] produced in Spain because this country makes many top of the line wines. In Spain, a meal is a great way to establish personal relationships with your [|business] partner. Once you are with your partner, be sure to bring plenty of literature of your company, samples of your products and/or demonstrations of your services. Be aware that the Spain is one of the least punctual countries in all of Europe so you should be expected to wait at least fifteen to thirty minutes. Be polite and always address a man as “Mr.” followed by the surname. Since the Spanish rather get close and personally get to know their partners they like to keep close personal contact with one another. It is believed to be the key for a successful business. One of the main things that needs to be recognized is that pride and honor mean everything in Spanish culture. [] [] [] [] []

==‍‍‍‍‍‍Small Business Success== Starting a small business in Spain is a smart thing to do if you know how to lay out your plan, understand your opponents and all the little components in between. The main struggle most small businesses have is getting past the [|initial period]. During that initial period is when most businesses start to run out of money because you need to pay advertisement costs, setting up premises, etc… Before all this, the owner should take into consideration that his business wouldn’t start bringing in money as soon as he opens it. He should have at least six months worth of money to give you a hand for when you need it, so that your business won’t fail. In Spain the [|failure rate] of new start-up businesses is high so to take that into consideration is just one of the gambles the Spain’s economy has. Another factor that is really a tough one to exceed is that since Spain is a great tourist attraction, many people have already had a bright idea to start opening their own businesses there, therefore, having deep [|competition]. Having basically all the products and services already provided there someone with an outstanding mind is needed to overcome all its competitors and introduce something new and innovating to the market. Another main key that you will need is to be very [|knowledgeable] about almost anything. There will always be certain things other business owners wouldn’t tell you because then that mean more competition for them and that is not what they want. A business is strictly focused on profits and they will give other owners hard times every chance available. [] [] []

==‍‍‍‍‍‍Conclusion== Based on our research we have found out much vital information about Spain. From economic conditions to laws to Spain's products,everything has been studied and taken into consideration. Spain's economy isnt all that great, mening that their products or corporations arent doing enough to produce the right amount of profit needed to progress. Based on our research we found out that multi-billions of dollars are generated by tourism in Spain and thats exactly what our business is going to be based on. Since customers pour in from all over the world just to visit Spain, tourism would be the perfect type of business to open. You will always be guaranteed business unless theres some type of conflict taking place. We took into account that there is many other business trying to provide the same service but our joint venture and benefits exceed expectations. //This section should include a detailed summary of the team's research. Based on your research, what type of business would be the most successful in your country? What would you choose to open? Why?// ||  || **__ Conversion __** __**Group 1:**__ 1) Candy bar: .7424 euros 2) Soda: 1.1136 euros 3) French Fries: 1.4848 euros 4) Pizza: 7.424 euros 1) Video Game: 37.12 euros 2) Cell Phone: 74.24 euros 3) Ipod: 148.48 euros 4) Laptop: 1,113.6 euros __**Group 3:**__ 1) Taxi Fare: 14.848 euros 2) Train Ticket: 148.48 euros 3) Plane Ticket: 296.96 euros 4) Automobile: 7,424 euros __**Group 4:**__ 1) Hotel Room: 111.36 euros 2) Apartment: 40,832 euros 3) Condo: 111,360 euros 4) House: 185,600 euros __**Group 5:**__ 1) Movie: 7.424 euros 2) Theme Park: 14.848 euros 3) Sporting Event: 44.544 euros 4) Concert: 74.24 euros
 * __Group 2:__**

__** Jeopardy **__ My Jeopardy Template

**__Types Of Government__** 1) The type of political system in Spain is constitutional monarchy. 2) The title of the current Spaniard leader is a King named Juan Carlos I. 3) There is more than one political party in Spain. They are Spanish Socialist Workers Party, Popular Party and The United Left Coalition (mixed government).The party currently in power is the Spanish Socialist Workers Party **__ Business Customs __** media type="custom" key="10901094"


 * 1) ¿Donde esta el baño?
 * 2) ¿Que hora es?
 * 3) Buenos dias.
 * 4) ¿Cuanto cuesta?


 * 1) In Spain its almost exactly like the US, except that they speak spanish and like old fashioned infrastructure.
 * 2) The resources available in our country are: coal, lignite, iron ore, copper, lead, zinc, uranium, oil fields, trees.
 * 3) Spain runs under a mixed economy.
 * 4) The literacy rate in Spain is 97.9%.
 * 5) Most of the population in Spain live in urban areas; 76%.

**GDP**

** Per Capita Income **

** Unemployment Rate ** ** Balance of Trade **



References GDP: [] Per capita: [] Balance of trade: [] Economic system: [] Resources: [] Unemployment and Literacy Rate: []
 * The economic development for Germany is barely steadily going up. China's is increasing rapidly, and as in for Spain, their economy is getting worse.
 * These changes tell us that China and Germany are doing better economically wise and they are in a trade surplus, meaning they are exporting more than they are importing. Spain is doing the opposite, leaving them in a bad standing.
 * GDP, per capita income, balance of trade and unemployment seem to have some sort of dominoe affect. The better the GDP is, most likely per capita income will be good as well. If it isn't then its probably becasue the country is importing more than they are exporting; trade defecit. If so, unemployment rate is going to sky rocket because there isn't many jobs for people to actually make the products and selling them instead of simply importing and spending more money.
 * If a company looks at these graphs and also at the real world they will notice that the countries that export more instead of importing more are the ones that are making the most money. A business is all about money, or profit, so they will want to look at this and choose wisely over the things they want, or the things they need.