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Essay / Research Paper Abstract
A 5 page paper that discusses establishing an eyewear manufacturing business in Barbados. An introduction to the island is provided, then the writer discusses the industry, human resources issues and goals of the company. Data included. Bibliography lists 4 sources.
Page Count:
5 pages (~225 words per page)
File: MM12_PGbds.rtf
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Unformatted sample text from the term paper:
Offices, 2001). It is a nation that adheres to English common law and has inflation rates no higher than greater Europe most of the time (Lex Caribbean Law Offices,
2001). There are numerous advantages and benefits for the foreign investor, such as no capital gains and a low tax rate for businesses (Lex Caribbean Law Offices, 2001). Unlike some
nations, Barbados does not require a minimum investment and they do not tax dividends paid to shareholders dividends (Lex Caribbean Law Offices, 2001). In short, this is a country that
is amenable to multinational companies. 1. Industry Environment The eyewear industry continues to grow in spite of advanced surgical techniques to correct vision. Frames are still in demand
for both sunglasses and prescription corrective lenses (Market News, 2001). The high end of this industry yields $678 million in sales each year just in the United States (Market News,
2001). Globally, the figure is three times that. The total of all segments of the industry are several times that figure internationally. All segments includes the low end to the
high end of the industry spectrum. Consumers make their choices and purchase eyewear based on fashion often purchasing two or more sets of eyewear that will enhance their wardrobe (Parr,
1998). Laser surgery and the advances in contact lenses should have resulted in a drop in the eyewear industry but it hasnt. Instead, many consumers are purchasing several
pairs of spectacles to coordinate with their clothing and also to suit their different moods (Parr, 1998). Furthermore, sunglasses became a fashion statement many years ago. Consumers purchase sunglasses at
least annually and very often they purchase several pairs, again making a fashion statement. 2. Human resources issues in Barbados The eyewear company will need different types of
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