The Feasibility of Establishing a High

A brief everyplaceview of the cut economy is promising. France is the fourth largest industrial nation with a different economy that includes agriculture, industry, services, and research. It has some natural resources, including iron ore, coal, and bauxite. It has both coastline and intragroup and a large tourist industry that draws from all over the world. It has a democratic government with elements of a free grocery place economy, although government subsidizes many industries and also has extensive ownership in some(prenominal) of transportation and banking. It uses central planning and provides large get over social support services (Hoover's Handbook of World Business, 1993).

In general, the economic situation in France seems to be improving, although there is keep mum a high unemployment puts of approximately 12 portionage. However, capital letter investment was expected to increase by 10 percent during 1995 and the inflation rate is anticipated to be less than 2 percent. This is the lowest among all the Western European nations (Hurtado, 1995).

The growth rate is not very high, at about 3 percent per year, but the country is certainly quite stable, infrastructure is already built, and democratic institutions are functional. Thus, although the potential for growth is clearly not as large as in some of the growing countries, the risk is much lower and the potential for success much higher.

The GNP for France was at 1,105 billion in 1990, with GNP per capita in U.S.

Assuming, however, that research on market niche and location, pricing, distribution, and marketing are all welldone, along with quality customer service and followup, then the backing should be financially viable.

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