Horizon

Consultant Inc.

Financial Cost
Review
Prepared For:
Horizon Consultant Inc.
 Table of
CONTENTS
01 TITLE PAGE

02 TABLE OF CONTENTS

03 GROUP TIME SHEET

04 FINANCIAL COST REVIEW

05 FLOW CHART

HORIZON CONSULTANT INC. PAGE 2

 GROUP TIME SHEET 2023
GROUP NAME: PROJECT 7

Time
Total hours /
Weeks (From – To)
Example- 2PM – 7PM
Week

WEEK 1 Tues 8 am -1 pm, Thurs 8 am-1 pm, Fri 2 pm-7 pm 15 HOURS

WEEK 2 Tues 8 am -1 pm, Thurs 8 am-1 pm, Fri 2 pm-7 pm 15 HOURS

WEEK 3 Tues 8 am -1 pm, Thurs 8 am-1 pm, Fri 2 pm-7 pm 15 HOURS

WEEK 4 Tues 8 am -1 pm, Thurs 8 am-1 pm, Fri 2 pm-7 pm 15 HOURS

WEEK 5 Tues 8 am -1 pm, Thurs 8 am-1 pm, Fri 2 pm-7 pm 15 HOURS

WEEK 6 Tues 8 am -1 pm, Thurs 8 am-1 pm, Fri 2 pm-7 pm 15 HOURS

WEEK 7 Tues 8 am -1 pm, Thurs 8 am-1 pm, Fri 2 pm-7 pm 15 HOURS

WEEK 8 Tues 8 am -1 pm, Thurs 8 am-1 pm, Fri 2 pm-7 pm 15 HOURS

WEEK 9 Tues 8 am -1 pm, Thurs 8 am-1 pm, Fri 2 pm-7 pm 15 HOURS

TOTAL NUMBER OF
135 HOURS
HOURS

KARAN SETHI C0848890

ROSE ANN EVANGELISTA C0848596
RUPINDER KAUR C0848891

HORIZON CONSULTANT INC. PAGE 3

 Horizon Consultant Inc.

FINANCIAL
COST REVIEW

Introduction

The global market presents immense opportunities for companies to

expand their operations and increase profitability by leveraging
regional trading blocs. However, it is important to evaluate the financial
costs before implementing these strategies to ensure a sound
investment. The following analysis takes into account the current
economic status of the recommended country and the state of the
pandemic as potential factors influencing the proposed plan.

Financial Costs of Implementation

Market Research and Analysis
Before entering a new market through regional trading blocs, extensive
market research and analysis are crucial. This involves studying
consumer preferences, market trends, competition, and regulatory
requirements. The cost of conducting comprehensive market research
can vary depending on the size and complexity of the target market.
Expenses may include hiring specialized research firms, collecting
data, and conducting surveys.

Regulatory Compliance
Working effectively with regional trading blocs often requires
complying with specific regulations and standards. This includes
meeting import/export regulations, customs duties, certification
requirements, and intellectual property laws. Non-compliance can
result in fines, penalties, and even legal disputes. The cost of ensuring
regulatory compliance will vary based on the industry and the
country's regulations.

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 Horizon Consultant Inc.

FINANCIAL
COST REVIEW

Supply Chain Adjustments

Integrating with regional trading blocs may necessitate modifications
to the existing supply chain. Evaluate the costs of adjusting logistics,
transportation, warehousing, and inventory management processes to
comply with the bloc's regulations. Consider any investments required
for optimizing supply chain efficiency.

Trade Tariffs and Customs Duties

Analyze the potential impact of trade tariffs and customs duties
associated with regional trading blocs. Assess the additional costs that
may be incurred during import or export activities. Consider the
implications on pricing, profitability, and overall financial performance.

Legal and Consulting Fees

Seek legal advice and engage with consultants to ensure compliance
with regional trading bloc requirements. Account for legal and
consulting fees related to trade agreements, contracts, intellectual
property protection, and dispute resolution mechanisms.

Financial Resource Allocation

Determine the financial resources required to support the company's
operations within the regional trading bloc. Assess the potential need
for capital investments, credit planning, and financial management to
accommodate the growth strategies effectively.

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 Horizon Consultant Inc.

FINANCIAL
COST REVIEW

Infrastructure and Logistics

Expanding into new markets necessitates setting up an efficient
infrastructure and logistics network. Costs associated with this may
include establishing distribution centers, warehouses, transportation
systems, and information technology infrastructure. These costs will
depend on the scale of operations and the complexity of the supply
chain.

Workforce Training and Development

Effectively working with regional trading blocs may require training and
developing the existing workforce to adapt to new market dynamics
and cultural differences. Costs may include hiring language and
cultural consultants, conducting training programs, and providing
ongoing professional development opportunities.

Impact on Financial Performance

The successful implementation of our recommendations for effectively
working with regional trading blocs can have several positive impacts
on financial performance:

Revenue Growth
By expanding into new markets facilitated by regional trading blocs,
companies can tap into larger consumer bases and benefit from
increased sales. This can result in revenue growth and improved
profitability over time.

Cost Savings
Working within regional trading blocs often offers advantages such as
reduced trade barriers, streamlined customs procedures, and lower
transportation costs. These cost savings can enhance a company's
competitive advantage and contribute to improved financial
performance.

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 Horizon Consultant Inc.

FINANCIAL
COST REVIEW

Diversification
Entering new markets through regional trading blocs allows companies
to diversify their revenue streams. This diversification can mitigate
risks associated with dependence on a single market and provide
stability during economic downturns.

Other Considerations
Currency Fluctuations
When expanding into new markets, companies need to consider the
potential impact of currency fluctuations. Exchange rate volatility can
affect the costs of imports, exports, and financial transactions.
Implementing appropriate risk management strategies, such as hedging,
can help mitigate these risks.

Political and Economic Stability

The current economic status of the recommended country is a crucial
factor in assessing the feasibility of the proposed plan. Stability in the
political and economic landscape is vital for long-term success.
Unforeseen political changes, policy shifts, or economic crises can
impact business operations and financial performance.

Pandemic Considerations
Given the ongoing state of the pandemic, it is essential to consider its
potential effects on the recommended country and the global market.
Travel restrictions, supply chain disruptions, and changes in consumer
behavior can all impact financial performance. Developing contingency
plans and closely monitoring the situation is necessary to mitigate these
risks.

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 Horizon Consultant Inc.

FINANCIAL
COST REVIEW

Conclusion
In conclusion, implementing recommendations for working effectively
with regional trading blocs can yield substantial financial benefits,
including revenue growth, cost savings, and diversification. However, it
is crucial to consider the financial costs associated with market
research, regulatory compliance, infrastructure development, and
workforce training. Additionally, factors such as currency fluctuations,
political and economic stability, and the state of the pandemic must be
carefully evaluated to minimize potential risks and maximize the return
on investment.

PAGE 8
 FLOWCHART

WEEK 7

MEETING REGARDING PRICE

CONSIDERATIONS
(KARAN, ROSE ANN, RUPINDER)

INTRODUCTION AND 4 COSTS

IMPLEMENTATION
(RUPINDER)
4 COSTS IMPLEMENTATION
AND IMPACT ON FINANCIAL
PERFORMANCE AND
CONCLUSION
(ROSE ANN)
OTHER CONSIDERATIONS
(KARAN)

COMPILED AND DESIGNED

BY ROSE ANN

HORIZON CONSULTANT INC. Page 9