how would i add citation in this and correct it to meet the requirements using the outline Directions: 1. Analyze a foreign market for potential entry. 2. As a team, decide the on the foreign market, the product/service, who will develop criteria (I, II, & III). provide a 2 pages explain to 'each criterion' to analyzing a foreign market's business environment for potential entry. 3. Review instructions below carefully. Remember start the research early. 4. Paper must be original, include intext citations and references. No Credit will be earned for non-original work. Criterion I: Introduction & Market's Infrastructure Analysis 1. Provide an introduction of the main topics for the entire paper. 2. Introduce the foreign market (for example, Which market? Why?). And a product/service your company will sell in the chosen market. o Briefly describe the product/service. Should I sell my products or service in my selected country? Why? 3. Analyze two types of the foreign market's infrastructure. A country's infrastructure consists of organizational system of resources needed to operate a business which include transportation and communication systems, IT infrastructure, power plants (roads, water ports, energy, airports, utilities, mass transit, etc.). o Analyze the two types of infrastructure system chosen (IT, transportation, communications infrastructure) in the foreign market, how will they impact business operations? Why? o Why should the business care about a poor country infrastructure? o How do transportation/IT infrastructures affect business? Criterion II: Sociocultural Forces Analysis 1. Choose and analyze three critical sociocultural forces. Sociocultural factors are customs, lifestyles and values that characterize a society. More specifically, cultural aspects include aesthetics, education, language, law and politics, religion, social organizations, technology and material culture, values, and attitudes. Social factors include reference groups, family, role, and status in the society. For example: o You can also figure out if the customers are willing to try a new product or not looking at the Dimensions. Discuss factors that influence purchasing decisions. o The power distance, habit, and masculinity are essential factors that foreign businesses should analyze because those will relate how companies manage, advertise their products. o Companies may need to see how people are treated in the work environment, so they can adjust to fit in there. Power distance? Hierarchy? o What are negotiations like? Business etiquette, attire, communication style? o What is the education level? Literacy? How will it impact the business? 2. Analyze the importance of acquiring and developing 'cultural intelligence' and provide at least two reasons how cultural intelligence helps one succeed in a global business environment. Criterion III: Economic Factors Analysis 1. Select and analyze the impact of 'three economic forces' on business operations. Some economic forces to consider includes GDP, inflation, unemployment, consumer spending power, corporate tax rate, recession, economic growth, wages, interest rates, etc. a. Discuss the foreign market's GDP, does it signal an economic decline/growth? Analyze how GDP affects business production, sales, employment. b. Analyze the attraction and concerns with highly even income distribution and uneven income distribution. What does it mean for the business? c. Analyze one characteristic of the economy's economic development (developing, developed or BRIC market) and its importance to the business. d. Analyze how inflation, corporate tax, or slow economic growth affect business operation use the outline as reference foreign Market Analysis and Entry Plan Outline Title: Analysis of Market Entry Plan in India for a New Electronic Car I. Introduction and Foreign Market Infrastructure Analysis i. Thesis Statement: This paper aims to analyze the foreign market entry plan of a new electronic car in India. ii. Preview Statement: A brief overview of main topics A. Market Analysis: Overview of the Indian automotive industry B. Infrastructure Analysis: Evaluation of India's infrastructure for electric cars C. Criterion 3: Identification of regulations and policies for importing electric cars in India II. Sociocultural Forces Analysis i. Thesis Statement: The purpose of this section is to analyze socio cultural factors affecting the Indian automotive industry and its potential impact on the entry of a new electronic car. ii. Preview Statement: A brief overview of main topics A. Sociocultural Force 1: Consumer preferences for cars in India B. Sociocultural Force 2: Cultural values and beliefs affecting car buying behavior in India C. Sociocultural Force 3: Perception of electric cars in India D. Cultural Intelligence: Analysis of cultural differences between India and the country of origin of the electric car III. Economic Factors Analysis i. Thesis Statement: This section aims to analyze economic factors affecting the entry of a new electronic car in India. ii. Preview Statement: A brief overview of main topics A. Barrier 1: Tariffs and taxes on imported electric cars in India B. Barrier 2: Availability and cost of charging infrastructure in India C. Barrier 3: Competition from established automotive companies in India IV. Conclusion Recap of the main points Recommendation for the entry plan