please answer all the questionss.,.within 30 minutes. make sure the explanation and reasons are explained in very detailed manner as in why the chosen option is right and why other options are wrong. else leave it for other tutor otherwise i will give negative ratings and will also report your answer for unprofessionalism. Make sure the answer is 100% correct and IS NOT COPIED FROM ANYWHERE ELSE YOUR ANSWER WILL DOWNVOTED AND REPORTED STRAIGHTAWAY. USE YOUR OWN LANGUAGE WHILST WRITING.

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Doing Business in Global Markets: Electra Bicycles Companies do business with other companies in different countries. Global trade enables companies in different countries to produce (and sell} what it is most capable of producing and buy from others in a business relationship that is mutually beneficial to each other. Electra Bikes is a U.S.based company founded by Swiss and German designers. The company has created a niche market for its sturdy, dependable, and fun-to-ride bikes to customers in the United States and across the world. Starting a business is never easy. But when a business makes the decision to expand globally, the challenges become more complicated. As the business environment continues to expand globally, more U.S. businesses are utilizing a variety of strategies to market and sell products in vast and growing global markets. In order to be successful in the global marketplace, businesses must be familiar with the key business terms associated with global marketing, as well as the global forces that can affect business success and protability. This activity is important because marketing outside of a company's home country comes with special considerations that marketing managers need to understand in order to develop strategies and tactics that assist their companies in succeeding abroad. The goal of this activity is for you to demonstrate an understanding of some specific concepts related to marketing at a global level (e.g.. understanding the levels associated with the global experience learning curve] by considering their application in the context of a companyspecic example. While the opportunities have never been greater. the risks have also never been higher. Global marketing mistakes are expensive. The international competitive landscape includes sophisticated global companies as well as successful local organizations. A global marketing company realizes that all world markets [including the company's own domestic market) are. in reality. a single market with many different segments. This frequently happens when a company generates more than half its revenue in international markets. 1. Electra models embody a classic, American, muscle car look, leading consumers to associate the bicycles with America - despite the fact that they are produced in China and Taiwan. This is known as Multiple Choice brand equity. brand image. consumer sentiment. countryiofiorigin effect. 2. When introducing a product to a new toreign market, firms often use a 77777777 Elankto keep manufacturing costs down. but this may or may not fit local needs ortastes. Multiple Choice prototype recycled product direct product extension top-selling product 3. In order to match the tastes ot bicyclists in a foreign market while also addressing legislative hurdles, Electra needed to undergo Multiple Choice product adaptation. prototyping. new product development. 4. Entering the same international markets that attract the big players within an industry is always a good idea for any rm. True or False 5. As mentioned in the video. importing or exporting products between international markets can bring on Multiple Choice currency risk. regulatory risk. tariffs. issues with seasonality. All of the answers are correct