Economy
What is the economic freedom score?
73.8
Who is the President in Czech Republic?
President Miloš Zeman
Our Target customer is the outdoorsy citizen, who spends their weekend hiking, biking, and exploring the outdoors no matter the weather or elements.
Name 1 strength of Czech Republic for marketing?
Flexible payment methods and pricing incentives
Czech's neighboring countries?
Germany, Poland, Slovakia, Austria
How many healths from COVID as of December 2020?
COVID impact in Czech as of Dec. 1st, 2020: 8,407 deaths from COVID. The economy was forecasted to contract by 6.5% for the year
What system does Czech's government function. Hint: _________ republic.
parliamentary republic
What are your pricing incentives for new customers?
Coupons for first time buyers, Money back guaranteed if not satisfied
Name 1 weakness for starting a new company?
Lack of capital
Is the US or Czechs masculinity score higher?
US! Only by 5 points.
Is Czech Republic a member of the EU
Yes
Who in the government was hospitalized and was "currently unable to perform any work duties due to health reasons."
The president!
Where do your buyers look for our product/service?
Locally, Website, Online stores, Physical stores
Name an opportunity?
Advance in social media marketing as well as blogging
What is there GDP?
$243.53 Billion
Czech Republic uses a two-round plurality voting system for the Presidential and Senate elections. As well as an open party-list proportional representation system for all other elections.
How to reach a target audience?
Social media/ads, Our company website, Our two storefronts, Online stores, Famous Athlete blog, Social media giveaways
What is a threat of a new company?
Larger stores with lower price points.
Name 1 business etiquette in Czech Republic that is not in the US?
Not scheduling meetings on Friday afternoons because many Czechs leave for their country cottages after lunch
Name the top countries Czech exports products too
Germany $61.9B, Slovakia $14.7B, Poland $11.7B, France $10.1B, United Kingdom $8.83B
How does the US feel towards Czech (allies, enemies)?
February 2019 Babis meets with President Trump for his first official visit to the US. An alliance between the US and Czech had been going on for 100 years since the establishment of Czechoslovakia
What makes our product unique?
It is made entirely out of US Fabric, and environmentally friendly.
Name 3 weaknesses of a new company
Lack of reputation, No E-commerce expertise, Low access to credit
Whats the current population?
10,734,670