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 (D)</p> Signup and view all the answers

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

<p>By factor endowments (A)</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 (D)</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' (C)</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' (C)</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' (D)</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 (B)</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 (C)</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 (A)</p> Signup and view all the answers

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

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

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

<p>Geographical units (D)</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' (B)</p> Signup and view all the answers

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

<p>Euromonitor (C)</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' (B)</p> Signup and view all the answers

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

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

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