Krispy kreme doughnut Research Paper Example | Topics and Well Written Essays - 500 words

Krispy kreme doughnut - Research Paper Example azil can be found in South America wherein it is one of the populous and largest countries not just in the Latin border but also in the entire world (â€Å"CIA†). Brazil’s bigger portion of population can be found in the major cities in South-East region namely: Sao Paulo, Rio de Janeiro, Belo Horizonte and Brasilia (capital). The population had reached to 201,103,330 wherein 53.7% of the ethnic groups are white and the rest are mixed, black and unspecified. Brazil’s official language is Portuguese; and in terms of religion, Roman Catholic obtained the highest percentage which is 74%. Brazil’s big population and diversity are among the good reasons why it should be the best candidate for a new market. History. For almost three centuries, Brazil is under the Portuguese regime but the country had attained its independence (Levine). During the 19th century, the country’s military rule ended and a constitution for civilian rulers had been approved. Brazil gained its independence from the military command and consequently the government has been improved, and restrictions in the economy as well as slavery have been abolished. These are the reasons why more and more people have decided to migrate in Brazil, and one of those reasons is the government structure. Political and Economic Environment. In the top ten largest economies in terms of Gross Domestic Product, Brazil is at the ninth place with a GDP of $4.51.7 billion (Patterson). Brazil is only an emerging country; however the economy is well-developed and industrialized. Even though Brazil is experiencing an economic growth from its agricultural products, still agriculture in the country accounted lesser compared to the growth of industrialization. The taxation system of Brazil has â€Å"poorly structured revenue system characterized by heavy tax burdens, a narrow taxable base, complicated levies and widespread tax evasion† (Butler). In terms of entering the Brazilian market, Krispy Kreme is required to