Question

Explain why Brazil is a country with a business culture based on relationships, and the implications while doing business within.

Answer in at least 150 words.

Answer 1

answer-

As the fifth largest country geographically and representing the fifth largest market opportunity in the world, Brazil is a nation that offers an abundance of promise for those looking to do business there. Rich in mineral wealth including iron and oil, and with its large population of over 194 million, predominantly comprising a young and highly-motivated workforce, the potential for doing business in Brazil should not be underestimated by any organisations who have a strong drive to expand globally.

doing Business In Brazil is one of the good choice when to expand business internationally because the relationships we can make with its government, local business suppliers, customers to grow our business. Relationships are cherished in Brazil. Those entering the market there would benefit from nurturing healthy relationships with local despachantes (middlemen) and working closely with native lawyers and accountants to secure help overcoming the challenges that ‘Custo Brasil’ causes. Fostering trust with local despachantes will also prove helpful in understanding the finer details of internal politics within a Brazilian company.

The implications of this is that business would get profitable because you would get low cost supplies and get support from government in terms of low taxes or duties on goods and customers are always excited to buy foreign brand products.i can say that Brazilian commercial culture remains one of the underlying keys to professional prosperity.