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Assignment Instruction You are the Chief Executive Officer of a Canadian business looking to expand your company's international presence. Select a country that you wish to expand to and answer the following questions in sentence form: 1. DEMOGRAPHIC TRENDS Identify demographic trends (such as birth rates, literacy rates) that might influence business activities in the country. (Lower birth rates result in an aging population with expanded demand for health care.) 2. CULTURAL ANALYSIS 1 Discuss language, customs, traditions, and beliefs of the country. (Religious beliefs may make the sale of certain products inappropriate in some countries.) 3. SOCIAL INSTITUTIONS Analyze the influences of social institutions (family, church, labor organizations) on the business culture. (In some countries, a strong tie exists between family and business.) Global Business Environment - Spring/Summer 2022 Mid-Term Assignment - 15% of Final Mark Page 1 of 2 [ 4. INFORMAL TRADE BARRIERS Describe informal trade barriers created by social and cultural factors. (Communication styles and negotiating tactics vary around the world resulting in the need to adapt to the country's culture.)