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Centrum Vitamins - Report Example

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This report "Centrum Vitamins" focuses on the determination of market compatibility of centrum vitamins in Nigeria, Sweden, and Brazil. According to the writer, in most parts, the Nigerian restriction of goods is centered on the export scene, neglecting import regulations…
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Centrum Vitamins
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Download file to see previous pages Although Sweden has higher living standards, the workforce is declining, while population density is insufficient to ensure adequate market demand for Centrum products. Worse still, Nigeria may have an adequate labor and consumer demand, but citizens are too young to competently hurdle economic crises, exacerbated by continued political unrest.
On sociocultural and legal matters, Sweden and Brazil maintain a positive attitude towards integrating supplements for sustenance of well-being while improving local manufacturing and import of pharmaceutical goods. Despite higher taxation, turnover support on the economy remains good; hence, the industrial investment will be favorable for both the government and business sectors. Contrarily, Nigeria may have recovered from political unrest, but its persistent negligence on reasonable taxation and import regulations makes it unfit for international trade.
Before actual business investment market expansion, comprehensive feasibility data set must be collected to generate suitable for business ventures. In review, Centrum products are multivitamin agents, purportedly containing complete nutritional health support. These are exclusively manufactured by Pfizer, a top biopharmaceutical company in health-related products (“Pfizer in Canada,” 2010). These are distributed internationally, with higher turnovers due to cheaper prices. In retrospect, full expansion of Centrum vitamins in other nations, including Nigeria, Sweden, and Brazil, may depend on several factors. Forecast on market correspondence with the product, socio-cultural acceptance, as well as economic policies and restrictions are necessary to better determine how Centrum vitamins may be received in the markets of these countries. In this report, how Centrum vitamins might fare, in terms of consumer demand, is better addressed through critical review on the status of each country from political to economic and legal aspects. ...Download file to see next pagesRead More
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