The following is a summary and economic analysis of Cuba and how a franchise like Domino’s Pizza will need to understand before their company can be incorporated into the culture and thrive as a business. Building a business within a communist structure will prove challenging to the marketing team of Domino’s. The following information will have engaged one’s skills to better equip Domino’s in the following areas of the population in Cuba, the current growth rate they are experiencing and determine the demographics for the target audience. The Domino’s team will have knowledge of the economy, how Cuba’s minerals and resources could affect business and how they can contribute to Cuba’s labor and statistics. Domino’s already …show more content…
The GDP value of Cuba represents 0.13 percent of the world economy. GDP in Cuba averaged 31.70 USD Billion from 1970 until 2014, reaching an all-time high of 80.66 USD Billion in 2014 and a record low of 5.69 USD Billion in 1970. GDP in Cuba is reported by the World Bank.” (Trading Economics) Per Capita Income and Possible Disparity According to the following, the per capital in respects to the disparity is as …show more content…
The GDP per Capita in Cuba is equivalent to 42 percent of the world 's average. GDP per capita in Cuba averaged 3296.04 USD from 1970 until 2013, reaching an all-time high of 5351.30 USD in 2013 and a record low of 1938.30 USD in 1970. GDP per capita in Cuba is reported by the World Bank.” (Trading Economics) Growth In recent light to the death of Fidel Castro, regardless that he has not been in power, Cubans are hopeful for the future. To fully embrace the possible growth in Cuba, one has to understand the following;
“The Gross Domestic Product (GDP) in Cuba expanded 4.30 percent in 2015 from the previous year. GDP Annual Growth Rate in Cuba averaged 2.18 percent from 1990 until 2015, reaching an all-time high of 12.10 percent in 2006 and a record low of -14.90 percent in 1993. GDP Annual Growth Rate in Cuba is reported by the National Office of Statistics, Republic of Cuba.” (Trading Economics)
Minerals and Resources
Here is what we know about Cuba’s Minerals and Resources;
“The Cuban geology and structural setting is complex and hosts a variety of non-fuel mineral resources in several terranes. Cuba hosts one of the largest mafic and