Factor Analysis
Political Singapore government has passed laws such as Commercial Law, Company law, Labor Law, Tax law, Environmental Law (IMoLIN 2006) to combat unhealthy competition .this should be taken into account by Carrefour when business is being done here. Minimum wage and fringe benefits need to be given to employees, which drive labor costs higher than neighboring countries.
To encourage E-Business with in the country they practice laws such as E- Transaction Law, Privacy Data Protection, Information Security Law, and Intellectual Property (Asia Law Link 2002). This is a significant incentive to both Retailers and customers to use the power of the Internet and other technology to conduct commercial transactions.
Politically very stable though officially referred to as a Parliamentary Republic has had one party rule since independence (BBC News ,2006), Independence from Malaysian federation (CIA - The World Factbook 2006)
Has no political or ethnic strife , Considered an example of Free Market Economics (Monetary Authority of Singapore, 2006)
Economical Singapore is highly developed and successful free market economy. Economy depends heavily on exports (CIA - The World Factbook 2006). However food items and consumer goods have to be imported (CIA - The World Factbook 2006) providing large scale Supermarkets Significant leverage over smaller retail concerns in getting better prices from Wholesalers & Manufacturers, which Carrefour can use, to its advantage.
Singapore port is one of the busiest and efficient ports in the world (Asia Economic News 2006), Provides shorter lead-times that most ot ...