SlideShare a Scribd company logo
1 of 11
Download to read offline
Country Risk
Analysis: NEPAL
Submitted by:
Nishant Haran
FPB1517/007
Section-B
PGDM-1517
Submitted to:
Prof. Rajiv
Reasons for choosing Nepal
• Raw Material source
• Emerging Market
• Creating opportunities for the people in Nepal
• Neighbouring country
• To build long term relation ship
• To help Nepal natural calamities it faced
3/6/2016Property of Indus Business Acadmy. For Academic Purpose Only. 2
Environmental Analysis(1/2)
3/6/2016Property of Indus Business Acadmy. For Academic Purpose Only. 3
Legal factor
• Emergency situation
• Less Tax
• Free market economy
• Good relation with India
• Less Documentation
• No standards required
Ecological
Factor
• Climate
• Land use
• No area with ocean and
seas
• Low reserves
• Natural Disasters
Political
Factor
• Terrorism
• Influences in India
• Instability
• Longer decision making
time
Environmental Analysis(2/2)
3/6/2016Property of Indus Business Acadmy. For Academic Purpose Only. 4
Economical
• Poor economy
• Population growth
• Economic growth
• Unemployment
• Poor infrastructure
• Less rural development
Social Factor
• Human development
• Increased expectancy
• Gender discrimination
• Rise in educational level
• Religion
• Nuclear and joint family
• Ethical behaviour
Technological
• Backdated technology
Porters Five Diamond Theory
Firm strategy,
structure and
rivalry
Demand
condition
Related and
supporting
industries
Factor
condition
Economic Growth
Weak Commercial service
No Backward linkage
Poor infrastructure
Raw capital
Cheap labour
Low cost of capital
3/6/2016Property of Indus Business Acadmy. For Academic Purpose Only. 5
Strategies to enter into Business with Nepal(1/2)
Exporting
Advantages Disadvantages
Avoidance of initial
high cost
High transportation
cost
Gather experience Problem with local
distribution network
Joint venture
Advantages Disadvantages
Access to local
partners knowledge
Lack of control
Sharing costs Inability to enter into
global strategic
coordination
Politically acceptable Lack of inefficient
technology
3/6/2016Property of Indus Business Acadmy. For Academic Purpose Only. 6
Strategies to enter into Business with Nepal(1/2)
Wholly owned subsidiary
Advantages Disadvantages
Protection of technology High cost
Ability to control High risk
Ability to realize location and experience
economics
3/6/2016Property of Indus Business Acadmy. For Academic Purpose Only. 7
Recommendation
Export
Level of risk
Political
Instability
Availability of
raw materials
Market
expansion
Government
restrictions
3/6/2016Property of Indus Business Acadmy. For Academic Purpose Only. 8
Action plan
Setting up office
Network based
distribution
JIT approach
Global product
Research and
development
Services
Conclusion
High growth potential though have economic problems
Satisfactory environmental analysis
Should go for exporting rather than any other form of trade
Following the action plan will lead to the destination
3/6/2016Property of Indus Business Acadmy. For Academic Purpose Only. 9
Country Cluster
• Company entering into the Nepal have advantage of entering into
• India
• Sri Lanka
• Pakistan
• Bangladesh
• Afghanistan
3/6/2016Property of Indus Business Acadmy. For Academic Purpose Only. 10
Thank you for your kind patience
3/6/2016Property of Indus Business Acadmy. For Academic Purpose Only. 11

More Related Content

Similar to Country risk analysis:Nepal

Session 8.1.2: Adaptation M&E: lessons learned, tools and approaches
Session 8.1.2: Adaptation M&E: lessons learned, tools and approachesSession 8.1.2: Adaptation M&E: lessons learned, tools and approaches
Session 8.1.2: Adaptation M&E: lessons learned, tools and approachesNAP Events
 
Cereal systems initiative for South Asia: Project overview
Cereal systems initiative for South Asia: Project overviewCereal systems initiative for South Asia: Project overview
Cereal systems initiative for South Asia: Project overviewafrica-rising
 
Strategic Environmental Assessment for Infrastructure Sector
Strategic Environmental Assessment for Infrastructure SectorStrategic Environmental Assessment for Infrastructure Sector
Strategic Environmental Assessment for Infrastructure SectorBambang Tri Sasongko Adi
 
Functional Economic Market Areas in the South West - Gareth Jones
Functional Economic Market Areas in the South West - Gareth JonesFunctional Economic Market Areas in the South West - Gareth Jones
Functional Economic Market Areas in the South West - Gareth JonesSouth West Observatory
 
SDG Implementation Challenges in South Asia and Role of Global Partnerships
SDG Implementation Challenges in South Asia and Role of Global PartnershipsSDG Implementation Challenges in South Asia and Role of Global Partnerships
SDG Implementation Challenges in South Asia and Role of Global PartnershipsCentre for Policy Dialogue (CPD)
 
Chapter Six-Formulating Strategy.pptx
Chapter Six-Formulating Strategy.pptxChapter Six-Formulating Strategy.pptx
Chapter Six-Formulating Strategy.pptxBeamlak5
 
Green Extension: Promoting Sustainable Agriculture
Green Extension: Promoting Sustainable AgricultureGreen Extension: Promoting Sustainable Agriculture
Green Extension: Promoting Sustainable AgricultureAndrew Bartlett
 
Are countries ready for Article 6? Ethiopia - Case Study Research (SB46)
Are countries ready for Article 6? Ethiopia - Case Study Research (SB46)Are countries ready for Article 6? Ethiopia - Case Study Research (SB46)
Are countries ready for Article 6? Ethiopia - Case Study Research (SB46)NewClimate Institute
 
Green growth indicators in latin america and carribbean zarnic oecd
Green growth indicators in latin america and carribbean   zarnic oecdGreen growth indicators in latin america and carribbean   zarnic oecd
Green growth indicators in latin america and carribbean zarnic oecdOECD Environment
 
Harmonization and cross-program learning
Harmonization and cross-program learningHarmonization and cross-program learning
Harmonization and cross-program learningafrica-rising
 
Why do geopolitical events impact business - May 2017
Why do geopolitical events impact business  - May 2017Why do geopolitical events impact business  - May 2017
Why do geopolitical events impact business - May 2017paul young cpa, cga
 
Mainstreaming Sustainable Procurement in India
Mainstreaming Sustainable Procurement in IndiaMainstreaming Sustainable Procurement in India
Mainstreaming Sustainable Procurement in IndiaSanjay Kumar
 
The Livestock & Fish Program
The Livestock & Fish ProgramThe Livestock & Fish Program
The Livestock & Fish ProgramCIAT
 
Africa RISING in The Ethiopian Highlands: An Overview of the Second Phase
Africa RISING in The Ethiopian Highlands: An Overview of the Second PhaseAfrica RISING in The Ethiopian Highlands: An Overview of the Second Phase
Africa RISING in The Ethiopian Highlands: An Overview of the Second Phaseafrica-rising
 
Why do geopolitical events impact business - August 2017
Why do geopolitical events impact business -  August 2017Why do geopolitical events impact business -  August 2017
Why do geopolitical events impact business - August 2017paul young cpa, cga
 

Similar to Country risk analysis:Nepal (20)

Session 8.1.2: Adaptation M&E: lessons learned, tools and approaches
Session 8.1.2: Adaptation M&E: lessons learned, tools and approachesSession 8.1.2: Adaptation M&E: lessons learned, tools and approaches
Session 8.1.2: Adaptation M&E: lessons learned, tools and approaches
 
Cereal systems initiative for South Asia: Project overview
Cereal systems initiative for South Asia: Project overviewCereal systems initiative for South Asia: Project overview
Cereal systems initiative for South Asia: Project overview
 
Strategic Environmental Assessment for Infrastructure Sector
Strategic Environmental Assessment for Infrastructure SectorStrategic Environmental Assessment for Infrastructure Sector
Strategic Environmental Assessment for Infrastructure Sector
 
Functional Economic Market Areas in the South West - Gareth Jones
Functional Economic Market Areas in the South West - Gareth JonesFunctional Economic Market Areas in the South West - Gareth Jones
Functional Economic Market Areas in the South West - Gareth Jones
 
SDG Implementation Challenges in South Asia and Role of Global Partnerships
SDG Implementation Challenges in South Asia and Role of Global PartnershipsSDG Implementation Challenges in South Asia and Role of Global Partnerships
SDG Implementation Challenges in South Asia and Role of Global Partnerships
 
Chapter Six-Formulating Strategy.pptx
Chapter Six-Formulating Strategy.pptxChapter Six-Formulating Strategy.pptx
Chapter Six-Formulating Strategy.pptx
 
Green Extension: Promoting Sustainable Agriculture
Green Extension: Promoting Sustainable AgricultureGreen Extension: Promoting Sustainable Agriculture
Green Extension: Promoting Sustainable Agriculture
 
Pandavas
PandavasPandavas
Pandavas
 
Are countries ready for Article 6? Ethiopia - Case Study Research (SB46)
Are countries ready for Article 6? Ethiopia - Case Study Research (SB46)Are countries ready for Article 6? Ethiopia - Case Study Research (SB46)
Are countries ready for Article 6? Ethiopia - Case Study Research (SB46)
 
CCAFS: 2011 and beyond
CCAFS: 2011 and beyondCCAFS: 2011 and beyond
CCAFS: 2011 and beyond
 
Green growth indicators in latin america and carribbean zarnic oecd
Green growth indicators in latin america and carribbean   zarnic oecdGreen growth indicators in latin america and carribbean   zarnic oecd
Green growth indicators in latin america and carribbean zarnic oecd
 
CCAFS project low emissions development of the Chinese dairy sector
CCAFS project low emissions development of the Chinese dairy sectorCCAFS project low emissions development of the Chinese dairy sector
CCAFS project low emissions development of the Chinese dairy sector
 
Harmonization and cross-program learning
Harmonization and cross-program learningHarmonization and cross-program learning
Harmonization and cross-program learning
 
Resources to support countries' NDCs
Resources to support countries' NDCsResources to support countries' NDCs
Resources to support countries' NDCs
 
Why do geopolitical events impact business - May 2017
Why do geopolitical events impact business  - May 2017Why do geopolitical events impact business  - May 2017
Why do geopolitical events impact business - May 2017
 
Mainstreaming Sustainable Procurement in India
Mainstreaming Sustainable Procurement in IndiaMainstreaming Sustainable Procurement in India
Mainstreaming Sustainable Procurement in India
 
V&a programme india_SDCc_final
V&a programme india_SDCc_finalV&a programme india_SDCc_final
V&a programme india_SDCc_final
 
The Livestock & Fish Program
The Livestock & Fish ProgramThe Livestock & Fish Program
The Livestock & Fish Program
 
Africa RISING in The Ethiopian Highlands: An Overview of the Second Phase
Africa RISING in The Ethiopian Highlands: An Overview of the Second PhaseAfrica RISING in The Ethiopian Highlands: An Overview of the Second Phase
Africa RISING in The Ethiopian Highlands: An Overview of the Second Phase
 
Why do geopolitical events impact business - August 2017
Why do geopolitical events impact business -  August 2017Why do geopolitical events impact business -  August 2017
Why do geopolitical events impact business - August 2017
 

More from Xillion Telecom Private Limited (9)

Demystifying the brand patanjali
Demystifying the brand patanjaliDemystifying the brand patanjali
Demystifying the brand patanjali
 
Nissan Creating Operational Resiliency
Nissan Creating Operational ResiliencyNissan Creating Operational Resiliency
Nissan Creating Operational Resiliency
 
Mc donalds success strategy and global expansion through customer
Mc donalds success strategy and global expansion through customerMc donalds success strategy and global expansion through customer
Mc donalds success strategy and global expansion through customer
 
Event management
Event managementEvent management
Event management
 
Basel committee & basel norms
Basel committee & basel normsBasel committee & basel norms
Basel committee & basel norms
 
Xillion Telecom Pvt. Ltd
Xillion Telecom Pvt. LtdXillion Telecom Pvt. Ltd
Xillion Telecom Pvt. Ltd
 
What Got You Here Wont Get You There
What Got You Here Wont Get You ThereWhat Got You Here Wont Get You There
What Got You Here Wont Get You There
 
Business information system
Business information systemBusiness information system
Business information system
 
Human Resource management lessons from harry potter.
Human Resource management lessons from harry potter.Human Resource management lessons from harry potter.
Human Resource management lessons from harry potter.
 

Recently uploaded

Aon-UK-DC-Pension-Tracker-Q1-2024. slideshare
Aon-UK-DC-Pension-Tracker-Q1-2024. slideshareAon-UK-DC-Pension-Tracker-Q1-2024. slideshare
Aon-UK-DC-Pension-Tracker-Q1-2024. slideshareHenry Tapper
 
Introduction to Health Economics Dr. R. Kurinji Malar.pptx
Introduction to Health Economics Dr. R. Kurinji Malar.pptxIntroduction to Health Economics Dr. R. Kurinji Malar.pptx
Introduction to Health Economics Dr. R. Kurinji Malar.pptxDrRkurinjiMalarkurin
 
(Gender) tone at the top: the effect of board diversity on gender inequality
(Gender) tone at the top: the effect of board diversity on gender inequality(Gender) tone at the top: the effect of board diversity on gender inequality
(Gender) tone at the top: the effect of board diversity on gender inequalityGRAPE
 
2B Nation-State.pptx contemporary world nation
2B  Nation-State.pptx contemporary world nation2B  Nation-State.pptx contemporary world nation
2B Nation-State.pptx contemporary world nationko9240888
 
Banking: Commercial and Central Banking.pptx
Banking: Commercial and Central Banking.pptxBanking: Commercial and Central Banking.pptx
Banking: Commercial and Central Banking.pptxANTHONYAKINYOSOYE1
 
OAT_RI_Ep18 WeighingTheRisks_Mar24_GlobalCredit.pptx
OAT_RI_Ep18 WeighingTheRisks_Mar24_GlobalCredit.pptxOAT_RI_Ep18 WeighingTheRisks_Mar24_GlobalCredit.pptx
OAT_RI_Ep18 WeighingTheRisks_Mar24_GlobalCredit.pptxhiddenlevers
 
Hello this ppt is about seminar final project
Hello this ppt is about seminar final projectHello this ppt is about seminar final project
Hello this ppt is about seminar final projectninnasirsi
 
ekthesi-trapeza-tis-ellados-gia-2023.pdf
ekthesi-trapeza-tis-ellados-gia-2023.pdfekthesi-trapeza-tis-ellados-gia-2023.pdf
ekthesi-trapeza-tis-ellados-gia-2023.pdfSteliosTheodorou4
 
2024-04-09 - Pension Playpen roundtable - slides.pptx
2024-04-09 - Pension Playpen roundtable - slides.pptx2024-04-09 - Pension Playpen roundtable - slides.pptx
2024-04-09 - Pension Playpen roundtable - slides.pptxHenry Tapper
 
Zimbabwe's New Gold-Backed Currency- A Path to Stability or Another Monetary.pdf
Zimbabwe's New Gold-Backed Currency- A Path to Stability or Another Monetary.pdfZimbabwe's New Gold-Backed Currency- A Path to Stability or Another Monetary.pdf
Zimbabwe's New Gold-Backed Currency- A Path to Stability or Another Monetary.pdfFREELANCER
 
What is sip and What are its Benefits in 2024
What is sip and What are its Benefits in 2024What is sip and What are its Benefits in 2024
What is sip and What are its Benefits in 2024prajwalgopocket
 
Building pressure? Rising rents, and what to expect in the future
Building pressure? Rising rents, and what to expect in the futureBuilding pressure? Rising rents, and what to expect in the future
Building pressure? Rising rents, and what to expect in the futureResolutionFoundation
 
ΤτΕ: Ανάπτυξη 2,3% και πληθωρισμός 2,8% φέτος
ΤτΕ: Ανάπτυξη 2,3% και πληθωρισμός 2,8% φέτοςΤτΕ: Ανάπτυξη 2,3% και πληθωρισμός 2,8% φέτος
ΤτΕ: Ανάπτυξη 2,3% και πληθωρισμός 2,8% φέτοςNewsroom8
 
10 QuickBooks Tips 2024 - Globus Finanza.pdf
10 QuickBooks Tips 2024 - Globus Finanza.pdf10 QuickBooks Tips 2024 - Globus Finanza.pdf
10 QuickBooks Tips 2024 - Globus Finanza.pdfglobusfinanza
 
Money Forward Integrated Report “Forward Map” 2024
Money Forward Integrated Report “Forward Map” 2024Money Forward Integrated Report “Forward Map” 2024
Money Forward Integrated Report “Forward Map” 2024Money Forward
 
Uk-NO1 Rohani Amil In Islamabad Amil Baba in Rawalpindi Kala Jadu Amil In Raw...
Uk-NO1 Rohani Amil In Islamabad Amil Baba in Rawalpindi Kala Jadu Amil In Raw...Uk-NO1 Rohani Amil In Islamabad Amil Baba in Rawalpindi Kala Jadu Amil In Raw...
Uk-NO1 Rohani Amil In Islamabad Amil Baba in Rawalpindi Kala Jadu Amil In Raw...Amil baba
 
Demographic transition and the rise of wealth inequality
Demographic transition and the rise of wealth inequalityDemographic transition and the rise of wealth inequality
Demographic transition and the rise of wealth inequalityGRAPE
 

Recently uploaded (17)

Aon-UK-DC-Pension-Tracker-Q1-2024. slideshare
Aon-UK-DC-Pension-Tracker-Q1-2024. slideshareAon-UK-DC-Pension-Tracker-Q1-2024. slideshare
Aon-UK-DC-Pension-Tracker-Q1-2024. slideshare
 
Introduction to Health Economics Dr. R. Kurinji Malar.pptx
Introduction to Health Economics Dr. R. Kurinji Malar.pptxIntroduction to Health Economics Dr. R. Kurinji Malar.pptx
Introduction to Health Economics Dr. R. Kurinji Malar.pptx
 
(Gender) tone at the top: the effect of board diversity on gender inequality
(Gender) tone at the top: the effect of board diversity on gender inequality(Gender) tone at the top: the effect of board diversity on gender inequality
(Gender) tone at the top: the effect of board diversity on gender inequality
 
2B Nation-State.pptx contemporary world nation
2B  Nation-State.pptx contemporary world nation2B  Nation-State.pptx contemporary world nation
2B Nation-State.pptx contemporary world nation
 
Banking: Commercial and Central Banking.pptx
Banking: Commercial and Central Banking.pptxBanking: Commercial and Central Banking.pptx
Banking: Commercial and Central Banking.pptx
 
OAT_RI_Ep18 WeighingTheRisks_Mar24_GlobalCredit.pptx
OAT_RI_Ep18 WeighingTheRisks_Mar24_GlobalCredit.pptxOAT_RI_Ep18 WeighingTheRisks_Mar24_GlobalCredit.pptx
OAT_RI_Ep18 WeighingTheRisks_Mar24_GlobalCredit.pptx
 
Hello this ppt is about seminar final project
Hello this ppt is about seminar final projectHello this ppt is about seminar final project
Hello this ppt is about seminar final project
 
ekthesi-trapeza-tis-ellados-gia-2023.pdf
ekthesi-trapeza-tis-ellados-gia-2023.pdfekthesi-trapeza-tis-ellados-gia-2023.pdf
ekthesi-trapeza-tis-ellados-gia-2023.pdf
 
2024-04-09 - Pension Playpen roundtable - slides.pptx
2024-04-09 - Pension Playpen roundtable - slides.pptx2024-04-09 - Pension Playpen roundtable - slides.pptx
2024-04-09 - Pension Playpen roundtable - slides.pptx
 
Zimbabwe's New Gold-Backed Currency- A Path to Stability or Another Monetary.pdf
Zimbabwe's New Gold-Backed Currency- A Path to Stability or Another Monetary.pdfZimbabwe's New Gold-Backed Currency- A Path to Stability or Another Monetary.pdf
Zimbabwe's New Gold-Backed Currency- A Path to Stability or Another Monetary.pdf
 
What is sip and What are its Benefits in 2024
What is sip and What are its Benefits in 2024What is sip and What are its Benefits in 2024
What is sip and What are its Benefits in 2024
 
Building pressure? Rising rents, and what to expect in the future
Building pressure? Rising rents, and what to expect in the futureBuilding pressure? Rising rents, and what to expect in the future
Building pressure? Rising rents, and what to expect in the future
 
ΤτΕ: Ανάπτυξη 2,3% και πληθωρισμός 2,8% φέτος
ΤτΕ: Ανάπτυξη 2,3% και πληθωρισμός 2,8% φέτοςΤτΕ: Ανάπτυξη 2,3% και πληθωρισμός 2,8% φέτος
ΤτΕ: Ανάπτυξη 2,3% και πληθωρισμός 2,8% φέτος
 
10 QuickBooks Tips 2024 - Globus Finanza.pdf
10 QuickBooks Tips 2024 - Globus Finanza.pdf10 QuickBooks Tips 2024 - Globus Finanza.pdf
10 QuickBooks Tips 2024 - Globus Finanza.pdf
 
Money Forward Integrated Report “Forward Map” 2024
Money Forward Integrated Report “Forward Map” 2024Money Forward Integrated Report “Forward Map” 2024
Money Forward Integrated Report “Forward Map” 2024
 
Uk-NO1 Rohani Amil In Islamabad Amil Baba in Rawalpindi Kala Jadu Amil In Raw...
Uk-NO1 Rohani Amil In Islamabad Amil Baba in Rawalpindi Kala Jadu Amil In Raw...Uk-NO1 Rohani Amil In Islamabad Amil Baba in Rawalpindi Kala Jadu Amil In Raw...
Uk-NO1 Rohani Amil In Islamabad Amil Baba in Rawalpindi Kala Jadu Amil In Raw...
 
Demographic transition and the rise of wealth inequality
Demographic transition and the rise of wealth inequalityDemographic transition and the rise of wealth inequality
Demographic transition and the rise of wealth inequality
 

Country risk analysis:Nepal

  • 1. Country Risk Analysis: NEPAL Submitted by: Nishant Haran FPB1517/007 Section-B PGDM-1517 Submitted to: Prof. Rajiv
  • 2. Reasons for choosing Nepal • Raw Material source • Emerging Market • Creating opportunities for the people in Nepal • Neighbouring country • To build long term relation ship • To help Nepal natural calamities it faced 3/6/2016Property of Indus Business Acadmy. For Academic Purpose Only. 2
  • 3. Environmental Analysis(1/2) 3/6/2016Property of Indus Business Acadmy. For Academic Purpose Only. 3 Legal factor • Emergency situation • Less Tax • Free market economy • Good relation with India • Less Documentation • No standards required Ecological Factor • Climate • Land use • No area with ocean and seas • Low reserves • Natural Disasters Political Factor • Terrorism • Influences in India • Instability • Longer decision making time
  • 4. Environmental Analysis(2/2) 3/6/2016Property of Indus Business Acadmy. For Academic Purpose Only. 4 Economical • Poor economy • Population growth • Economic growth • Unemployment • Poor infrastructure • Less rural development Social Factor • Human development • Increased expectancy • Gender discrimination • Rise in educational level • Religion • Nuclear and joint family • Ethical behaviour Technological • Backdated technology
  • 5. Porters Five Diamond Theory Firm strategy, structure and rivalry Demand condition Related and supporting industries Factor condition Economic Growth Weak Commercial service No Backward linkage Poor infrastructure Raw capital Cheap labour Low cost of capital 3/6/2016Property of Indus Business Acadmy. For Academic Purpose Only. 5
  • 6. Strategies to enter into Business with Nepal(1/2) Exporting Advantages Disadvantages Avoidance of initial high cost High transportation cost Gather experience Problem with local distribution network Joint venture Advantages Disadvantages Access to local partners knowledge Lack of control Sharing costs Inability to enter into global strategic coordination Politically acceptable Lack of inefficient technology 3/6/2016Property of Indus Business Acadmy. For Academic Purpose Only. 6
  • 7. Strategies to enter into Business with Nepal(1/2) Wholly owned subsidiary Advantages Disadvantages Protection of technology High cost Ability to control High risk Ability to realize location and experience economics 3/6/2016Property of Indus Business Acadmy. For Academic Purpose Only. 7
  • 8. Recommendation Export Level of risk Political Instability Availability of raw materials Market expansion Government restrictions 3/6/2016Property of Indus Business Acadmy. For Academic Purpose Only. 8 Action plan Setting up office Network based distribution JIT approach Global product Research and development Services
  • 9. Conclusion High growth potential though have economic problems Satisfactory environmental analysis Should go for exporting rather than any other form of trade Following the action plan will lead to the destination 3/6/2016Property of Indus Business Acadmy. For Academic Purpose Only. 9
  • 10. Country Cluster • Company entering into the Nepal have advantage of entering into • India • Sri Lanka • Pakistan • Bangladesh • Afghanistan 3/6/2016Property of Indus Business Acadmy. For Academic Purpose Only. 10
  • 11. Thank you for your kind patience 3/6/2016Property of Indus Business Acadmy. For Academic Purpose Only. 11