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Nt1310 Unit 1 Assignment

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ASSIGNMENT 1 Strategy is a set of complicated tactics formulated by the executives of a company directed towards the achievement of company’s goal (Salmela, 2002). It is about all the path ways that a company would follow to reach its ultimate goal. It is a company’s strategy which helps to identify what it does better than the other companies in the industries, which may be different from what it does best. For successful strategy formulation and implementation, a company should know the needs of customers and should have knowledge of its competitors. Through a good strategy a company would identify that opportunity which makes it different from the others (Thompson, 2005). FANTASTIC FURNITURES: Fantastic furniture sells less expensive furniture …show more content…

Trading is very important economic factor. Trade between different countries depends upon different factors. There are some factors due to which bilateral trade between two states is enhanced. On contrary, there are some factors which restrict or reduce the trade between two countries (Meyer, 2011). Factors which enhance trade include different cultural, political, geographic and economic aspects which are common between the 2 countries involved in bilateral trade with each other. While trade is reduced or restricted, if two countries are completely different culturally, politically, geographically and economically (Siegel, 2011). For example, trade between two countries, having common boarder, currency, per capita income et cetera, will be lot more high than those countries which do not share these factors common with each …show more content…

According to this treaty, dry port of Lahore (Pakistan) can easily accessible to Afghanistan for trading purpose and Afghanistan can use this port for trading goods to India. During late 90s and early 2000s, there was a huge trading of different good and services from Pakistan to Afghanistan. Economists find that the chief reason for this massive trading between these two neighbouring countries is that they share common border with each other. A smooth road name Torkhum Highway connects Pakistan with Afghanistan. From Peshawar, one of the major cities of Pakistan, Afghanistan is just 4-5 hours’ drive. Therefore it is very easy to trade goods and services to Afghanistan. Freight cost is minimum due to which Pakistani products are sold at lower prices in Afghanistan and because of lower prices the demand for Pakistani products is very in

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