Introduction: France, Chile, Germany, Australia, and Argentina are some of the countries that are known for their high-quality wines and are major players in the international wine market. Using a Random Scenario Generator (RSG) you will be assigned a country to use for this assignment. Ensure that you take a screenshot of your assigned country and that this screenshot is included as an appendix in your submitted work.
Scenario: You are the owner of a chain of high-end premium restaurants in the United States and are interested in importing unique wines. However, before you can make any purchases, you need to determine if your assigned country is a good country from which to import wine. Your task is to conduct a brief country analysis of your assigned country using the criteria of legal, historical, geographical, cultural, and political factors that influence the international marketing environment. Based on your analysis, identify three to four potential wine suppliers and develop a list of criteria to select the best supplier for your business.
For this assignment, you will be assigned a country from the random scenario generator (RSG), https://kapextmediassl-a.akamaihd.net/business/Media/MT330/MT330_2304A/RSG_Country/story.html and address the following checklist items:
Checklist
Conduct a brief analysis of your assigned country using the following criteria:
Legal: Examine the legal requirements for importing wine from your assigned country. Consider if there are any trade agreements or regulations that could affect the import process.
History: Examine your assigned country’s history with exporting wine to the United States. Explain any significant trade disputes or issues that could impact your decision to import from your assigned country.
Geography: Provide the geographic location of your assigned country. Analyze any location effects on shipping costs or delivery times.
Cultural: Distinguish cultural differences between your assigned country and the United States that could impact the marketing and selling of its wines in your US restaurants.
Political: Summarize the political climate in your assigned country. Interpret any political risks or issues that could affect the import process.
Identify three to four potential wine suppliers based on your country analysis in Question 1.
Analyze how social exchange theory and another theoretical perspective of your choice can be utilized to understand why wines from California might be higher- or lower-priced than wines from your assigned country. Explain the key concepts of the selected theoretical perspectives and how they can be applied to predict price differences in the wine market.
Analyze how an economic perspective can be utilized to predict international market opportunities when selecting a supplier for your business.
Prepare a list of criteria to select the best supplier for your business. Consider factors such as quality, price, reliability, and reputation.
Based on your analysis and criteria, predict the best supplier for your business and explain your reasoning.
Analyze how an economic perspective can be utilized to predict international market opportunities when selecting a supplier for your business
** Please provide Plagiarism report
