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Global Entrepreneur Chapter 5: Selecting Foreign Markets Quiz
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Global Entrepreneur Chapter 5: Selecting Foreign Markets Quiz

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Questions and Answers

Which model suggests developing two models for selecting foreign markets?

  • Heckscher-Ohlin model
  • MasterFitness Matrix
  • Simple model
  • Country Versus Market Analysis (correct)
  • What is an example of an indicator for selecting foreign markets mentioned in the text?

  • GDP (correct)
  • Personal bias
  • Country borders
  • Tariff barriers
  • What does the Heckscher-Ohlin model focus on?

  • Individual consumers
  • Geographical units
  • Factor endowments of a trading region (correct)
  • Information technology
  • In the context of foreign market selection, what is the purpose of the first screening mentioned in the text?

    <p>To select markets for detailed analysis</p> Signup and view all the answers

    What is an example of an indicator related to sporting and recreations mentioned in the text?

    <p>Projected growth 2017-2026</p> Signup and view all the answers

    What type of analysis should be performed on markets that passed the first screening?

    <p>Detailed market analysis</p> Signup and view all the answers

    Which concept is associated with determining countries by geographical units rather than just borders?

    <p>Investment flow</p> Signup and view all the answers

    What aspect does the Heckscher-Ohlin model focus on for commerce and production?

    <p>Factor endowments of a trading region</p> Signup and view all the answers

    In selecting foreign markets, what role do factor endowments play according to the Heckscher-Ohlin model?

    <p>Base commerce and production decisions</p> Signup and view all the answers

    Which type of expenditures are considered when discussing projected growth from 2017 to 2026 according to the text?

    <p>Sporting and recreation expenditures</p> Signup and view all the answers

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