The increasing number of globally renowned marketers along with strong manufacturers within the respective business industry has long been identified to increase the annual economic position of Vancouver at a significant extent (City of Vancouver, “Your Government”).According to the present day context, the local market of the city of Vancouver has been observed to be driven by fierce competition in household electronic items and telecommunication manufacturing and marketing industry. Moreover, a significant shift towards the e-commerce business industry has also increased the performance of the electronic manufacturers to gain a number of opportunities and market their range of electronic goods in the respective business industry (City of Vancouver, “Your Government”).In the context of legal perimeters, the city of Vancouver has been recognized to strengthen its trade performance. The legal policies for the foreign entrepreneurs of the city provide extensive scope to successfully establish and market their different business offerings. In this regard, the deregulation of trade barriers as well as offering lower interest rate for the foreign entrepreneurs by the city can also be considered beneath few of the major legal factors that influence marketers to extend their business subsidiaries into the respective location. Therefore, the legal factors of Vancouver can also be considered as a major aspect for BMGB to make effective investment decision while extending its business subsidiaries in the respective business market (City of Vancouver, “Your Government”).The demographic factors can also be regarded as one of the major influencing aspects that can highly affect on the organizations’ overall business performances. These factors tend to influence the organizational operational process due to the complexities arising from cultural differences amid the customers from diverse countries. The demographic analysis of a particular state or location encompasses a number of influencing factors including median age of the population, annual household income along with education and current employment rate that exists within the population. Moreover, the demographic condition also tends to involve the social factors including the racial makeup and life-style trend along with social condition of the target
“Your Government.” City of Vancouver. 2014. Web. 10 Feb. 2014.
Cupman, Julia. Marketing Strategies in the Current Business Environment. 2009. Web. 10 Feb. 2014.
Heisz, Andrew. Canada’s Global Cities: Socio-economic Conditions in Montréal, Toronto and Vancouver. 2006. Web. 10 Feb. 2014.
“Facts & Stats.” Port Metro Vancouver. 2014. Web. 10 Feb. 2014.
“Census 2011: Seniors Make Up 13.5 Per Percent Of Vancouver.” The Canadian Press. 2012. Web. Feb. 10, 2014.
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