According to a writer at African Business Central (2016) Côte d’Ivoire, also known as the Ivory Coast, is among the fastest growing African economies. Earl Nurse and Katy Scott (2016) found that in the aftermath of a civil war, the Ivory Coast has become Africa’s fastest growing economy, partially due to the African Development Bank returning its headquarters to the city of Abidjan, which is the economic capital of the countries. Investors are taking interest in the area, especially in sectors such as energy and other technologies, in addition to their frequent exports of cocoa beans, coffee, and palm oil. Though there have been some difficulties in the country, and a significant amount of its population is still struggling, the GDP is expected
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Prepaid cell phones typically fall under the category of a shopping good or service. There are many competing carriers on the market, in addition to other carriers that do feature annual contracts. The first reason I believe prepaid cell phones could do particularly well in the Ivory Coast is because of the sudden spike of wealth and stability. People are rising up from poverty very quickly, and will soon find themselves with money to spend. One such thing they may want to purchase is a cell phone, to help them stay connected to their businesses and their families. A prepaid cell phone might carry less risk for the people of the Ivory Coast who are just starting out, and those who feel they will only need one for some time don’t have to commit to a long contract. Second, new investors and business people from other countries might need temporary cell phones while they perform business in West Africa without incredible charges from using their current phone. A third reason that influenced me to choose this service is the rising interest in technology in the Ivory Coast. A new business based on such technology may have an advantage, especially now that many prepaid cell phone companies are offering smart phones with wireless data with their contracts. If they can get into the market quickly enough, a prepaid cell phone company could perform very well in the …show more content…
The short-term forecast is likely to include information about the expenses and revenues for a short period of time, such as one year or less. This will probably show a loss, as the business expands into a new area, but will be good for keeping track of expenses. The long-term forecast will show more information about expected revenues over a few years. This will help provide information about whether or not Cricket Wireless should consider opening manufacturing equipment closer to the Ivory Coast, as well as seeing if expanding the business to an emerging market would continue to be a good business decision. The budget provides information about income and expenses in order to keep the forecasts reliable. Without an in-depth knowledge of AT&T and Cricket Wireless’s finances, it is difficult to know what the exact plan would be, but there would likely be high expenses at the beginning of the new business, with a lot of money devoted to buying property and hiring new employees. I would recommend starting slow with investments until we knew how well the product was being
Prepaid cell phones typically fall under the category of a shopping good or service. There are many competing carriers on the market, in addition to other carriers that do feature annual contracts. The first reason I believe prepaid cell phones could do particularly well in the Ivory Coast is because of the sudden spike of wealth and stability. People are rising up from poverty very quickly, and will soon find themselves with money to spend. One such thing they may want to purchase is a cell phone, to help them stay connected to their businesses and their families. A prepaid cell phone might carry less risk for the people of the Ivory Coast who are just starting out, and those who feel they will only need one for some time don’t have to commit to a long contract. Second, new investors and business people from other countries might need temporary cell phones while they perform business in West Africa without incredible charges from using their current phone. A third reason that influenced me to choose this service is the rising interest in technology in the Ivory Coast. A new business based on such technology may have an advantage, especially now that many prepaid cell phone companies are offering smart phones with wireless data with their contracts. If they can get into the market quickly enough, a prepaid cell phone company could perform very well in the …show more content…
The short-term forecast is likely to include information about the expenses and revenues for a short period of time, such as one year or less. This will probably show a loss, as the business expands into a new area, but will be good for keeping track of expenses. The long-term forecast will show more information about expected revenues over a few years. This will help provide information about whether or not Cricket Wireless should consider opening manufacturing equipment closer to the Ivory Coast, as well as seeing if expanding the business to an emerging market would continue to be a good business decision. The budget provides information about income and expenses in order to keep the forecasts reliable. Without an in-depth knowledge of AT&T and Cricket Wireless’s finances, it is difficult to know what the exact plan would be, but there would likely be high expenses at the beginning of the new business, with a lot of money devoted to buying property and hiring new employees. I would recommend starting slow with investments until we knew how well the product was being