Market Selection Model and Market Barriers Quiz
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Questions and Answers

What is the purpose of developing two models for market analysis?

  • To complicate the market ranking process
  • To avoid selecting indicators for market analysis
  • To quickly screen all potential markets (correct)
  • To perform a detailed analysis on all potential markets
  • In the context of selecting foreign markets, what should countries be described by, according to the text?

  • Cultural boundaries
  • Geographical units and borders (correct)
  • Economic indicators only
  • Historical landmarks
  • What determines the geographical units that describe countries in the market ranking process?

  • Investment and industry (correct)
  • Information technology advancements
  • Consumer trends
  • Flow of information only
  • Which model is used to perform a detailed analysis on markets that passed the initial screening in market selection?

    <p>Second model</p> Signup and view all the answers

    How should countries be described based on the Heckscher-Ohlin model?

    <p>By factor endowments</p> Signup and view all the answers

    What is one of the indicators used for market selection mentioned in the text?

    <p>Total market for sporting and recreations</p> Signup and view all the answers

    'MasterFitness Matrix' is an example of selecting indicators based on which criteria?

    <p>'Projected growth 2017-2026 sporting and recreations expenditures'</p> Signup and view all the answers

    Which model is beneficial for quickly screening potential markets using only a few indicators?

    <p>'Selecting Foreign Markets Using Two Models'</p> Signup and view all the answers

    'Level of U.S. exports of exercise equipment' is an example indicator used for:

    <p>'Selecting Foreign Markets'</p> Signup and view all the answers

    Which model should be used to perform a detailed analysis on markets that passed the initial screening in market selection?

    <p>Second model</p> Signup and view all the answers

    According to the Heckscher-Ohlin model, what is commerce and production based on?

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

    What is an example of an indicator used for market selection based on the text?

    <p>Projected growth in sporting goods sales</p> Signup and view all the answers

    'MasterFitness Matrix' is an example of selecting indicators based on which criteria?

    <p>Fitness industry insights</p> Signup and view all the answers

    What should countries be described by in the context of selecting foreign markets?

    <p>Geographical units</p> Signup and view all the answers

    In the context of trade analysis, what should countries be described by?

    <p>'Level of U.S. exports of exercise equipment'</p> Signup and view all the answers

    'Total market for sporting and recreations' is based on data provided by which source?

    <p>Euromonitor</p> Signup and view all the answers

    'Projected growth 2017-2026 sporting and recreations expenditures' refers to what type of currency in its measurement?

    <p>'Constant currency'</p> Signup and view all the answers

    'Investment,' 'Industry,' 'Information Technology,' and 'Individual Consumers' determine what according to the text?

    <p>'Factors endowing production'</p> Signup and view all the answers

    'Heckscher-Ohlin model' states that commerce and production are mainly based on what aspect?

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

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