Project 5

Project 5

Individual Deliverable

Hi, my name is [presenter's name]. I am going to present on the topic GPS (Global Positioning System). First of all take a look at the working of the GPS system. This is how a GPS system works. The cell phone user and the internet user are located through the GSM network and here you can see they all are interconnected through internet, GSM tower connects the satellite and this is way the whole GPS system works. Now, we are going to discuss about the product. What is Global Positioning System? The Global Positioning System (GPS) is a space-based satellite navigation system and it provides information of time and location in all weather, anywhere on or near the Earth.

Now moving towards the risk, Risk is associated with every business. It includes the outcome of a particular transaction that may bring loss to the business. There are different types of risks that are associated with different type of business transactions such as financial risk, goodwill risk, market risk, political risk, technological risk, social risk, safety and personal risk and many more. While doing business with a foreign country, there are increased risks which require extra efforts whilst making the transaction (Makar, 2008). Firstly, the greater risk associated with it, is the chances of getting political instability between the countries. It results due to the demoralization of local firms and less reliance on local industry products. Foreign exchange rates are highly volatile and change on daily basis, this may also bring a risk to business while transacting with a foreign country. Capital movement is also another risk, when a country deals with any other country, the capital is moved and injected in the GDP of that country resulting increased economic growth of other country instead. Foreign Direct Investment (FDI) is the investment by foreign country in local operations mostly by taking over them. China is considered to be the second largest place for FDIs with approximately $185 billion. India comes next to China as a recipient of FDI. FDIs bring a greater change in the economic growth of a country but risks are associated with them too. In order to control the risks countries use import quotas, duties and embargoes (Makar, 2008). Moving towards choosing of alternatives, Over the period from 2011 to 2012, China's GDP growth rate stood at 2.07% on average with all time high in ...