Part A: Identify suitable international markets This part of the project requires you to select at least 2 potential international markets for investigation for TTNQ. 1. Identify at least 5 key information sources that can assist you to identify suitable international markets. Write down the web site reference of each of these reference sources and summarise the information that the web site provides that will assist you to identify international markets for TTNQ. industry associations: This website talks about attractions and things to do in Thailand which foreigner will have a clear vision to the country in different region because each province have its unique points which they may like to explore. Also, it allowed TTNQ to know coming …show more content…
It would not help TTNQ because when the country is not stable cause more savings to consumers and create less spending either within the country or outside of the country. Existing competitors operating within selected country/countries: there are many existing competitors that are in the local market which may do or promote the same business as TTNQ. The company may need to ensure that they have collaborated with the local company in order to build relationship or connection between the two to create win-win situation. e) Cultural factors, including attitudes, relating to the use of the …show more content…
Travel distances: The travel distance between Thailand and Australia may be a little too far when compare to countries close by which provide the same attraction as Australia. Also, the travel distances between the two countries are nine hours direct flight which is costly and some people may think that it not worth it to come and visit the country. When looking at Korea, it quite the same as Thailand where the travel distance is one of the major problem cause people to decide to go somewhere nearby doesn’t want to visit the country. Even though, Australia has a good sightseeing of nature and wild life but they could view this from countries close by. Therefore, TTNQ may need to think of alternative options that would attract consumers from these two countries because living expense in Australia is expensive when compare to the two