Which of the following is a good source of political analysis about a prospective new market: Allianz-Trade CNN Hofstede Question 2 (1 point) saved Which of the following is NOT true about a personal visit to size up the new market that is targeted and begin the development of an actual market entry program? Confirm assumptions regarding market potential Which of the following is NOT true about a personal visit to size up the new market that is targeted and begin the development of an actual market entry program? Confirm assumptions regarding market potential. Contradict assumptions regarding marker potential. Gather additional data to help make decisions. Develop a plan that aligns with your company's preferred mode of entry: All of the above are true. Business managers must decide how well a company's product or service fits the country market by asking the following questions EXCEPT: Will import restrictions imposed by the local government drive up the product price? Will a strong home currency have an adverse impact on product price? Base upon research is it advisable to source the entire product service or parts of it locally? Will it be possible to neglect home-country regulations? Knowing what their existing markets prefer and looking at what is interpreted in a country analysis will adaptation of the product or service be required? When Joe Biden was sworn in as the president of the United States, he inherited a situation that had most recently been influenced by his predecessor Donald Trump. He chose to reverse Trump's efforts to isolate America from its traditional partners. America's relationship with its Western partners illustrates the impact that political, legal, and regulatory environments can have on international trade and global marketing activities. TRUE FALSE Question 5 (1 point) Setting up a Decision Matrix confuses the decision to enter a new market Setting up a Decision Matrix confuses the decision to enter a new market: IRUE FALSE Question 6 (1 point) saved Hofstede is a sociologist who has undettaken a review of national cultures using which of the following dimensions: Individualism, Uncertainty Avoidance, Cultural Beliefs, Demographics Long term orientation, Culrural Beliefs, Masculinity, impulss Hofstede is a sociologist who has undertaken a review of national cultures using which of the following dimensions: Individualism, Uncertainty Avoidance, Cultural Beliefs, Demographics Long term orientation, Cultural Beliefs, Masculinity, Impulse Power distance, Individualism, Long term orientation, Cultural Beliefts Power distance, Individualism, Uncertainty Avoidance, Masculinity Question 7(1 point) Over the years a number of companies have moved into foreign markets. For example, Honda has invested $550 million in building an assembly plant in Greensburg, Indiana in the USA, IKEA spent nearly $2 billion Using averages alone, it is possible to underestimate a market's potential, for example, fist-growing, higherincome segments are present both in India and China. TRUE. because there is a lot more to consider in market potential FALSE, because one statistic is all you need to set the scale of a potential market entry As PEST has evolved to PESTEL as part of any investigation of potential markets, both the "E" and "L" have become increasingly important, because: E or environment connects with both international concerns and those of the company and L connects with the legal environment that a company may encounter E for economic connects with the prospectivity of target market and L connects with the legal environment that a company may encounter E or environment contemplates the situation both economically and environmentally that may confront a new country entrant and L connects with litigation and intellectual property issues None of the above
