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Turkey - Research Paper Example

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In the business world companies have realized that they need to expand beyond their domestic markets in order to grow as business entities. The globalization movement that started in the 20th century has become more instrumental today. Organizations have to evaluate a potential foreign market prior to penetrating…
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Turkey
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Turkey

The region is heavily populated with a population of 77.8 million. There are 257.6 people per square miles in Turkey. The fact that the country has a large population relative to its size is a good business proposition because there a lot of potential customers looking to spend. A business risk associated with Turkey is the fact that country is one of the world’s most earthquake prone regions (CultureGrams, 2011). An important factor that determines the viability of penetration in a region is the income of the population. Turkey has a gross domestic product per capita of $11,500. Agriculture is the bulk of the economy providing for the majority of the exports of Turkey. Agriculture provides a high percentage of the jobs, but it represents a low percentage of the gross domestic product. The main agricultural products produced in Turkey are cotton, tobacco, sweet fruits, olives, cereal, nuts, livestock and opium for medical purposes. The manufacturing sector in Turkey employees about a quarter of the population and it represents nearly 50% of the gross domestic product. Tourism is a growing industry in Turkey. Inflation is traditionally high in Turkey and it is currently hovering at around 10% (CultureGrams, 2011). The dominant religion in Turkey is Sunni Muslim with 99% of the population practicing this religion. Turkish is the official language of Turkey. ... Read More
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