What is a major economic factor that a firm conducting an economic analysis of a country market must take into account? (2024)

What is a major economic factor that a firm conducting an economic analysis of a country market must take into account?

A firm conducting an economic analysis of a country market must look at three major economic factors using well-established metrics: the general economic environment, the market size, and population growth rate, and real income. Trade agreements are part of the government actions that a firm would assess.

What is a major economic factor that a firm conducting an economic analysis of a country?

A firm conducting an economic analysis must look at three major economic factors using well established metrics: the general economic environment, the market size and population growth rate, & real income.

Which of the following criteria are necessary to assess a country's market choose every correct answer quizlet?

There are four sets of criteria necessary to assess a country's market: economic analysis, infrastructure, and technological analysis, government actions or inactions and sociocultural analysis.

Which of the following are some details used to evaluate the general economic environment quizlet?

Some details used to evaluate the general economic environment include: the GDP and the trade deficit or surplus.

How can companies evaluate and select specific international markets to enter?

How can companies evaluate and select specific foreign markets to enter? To what extent must a company adapt its products and marketing program to eac... To what extent must the company adapt its product and marketing program to ea... To what extent must the company adapt its products and marketing program to e...

What are the factors affecting economic analysis?

What are the Economic Factors? Economic factors affect the economy, including interest rates, tax rates, laws, policies, wages, and governmental activities. These factors are not directly related to the business but influence the investment value in the future.

What are the social and economic factors that the business owners considered in creating their business?

Which of the following is a component of the general environment that indirectly affects all organizations Group of answer choices?

The general environment consists of the economy and the technological, sociocultural, and political/legal trends that indirectly affect all organizations.

Which of the following is defined as the basic facilities services and installations needed for a community or society to function?

Infrastructure includes basic facilities, services, and installations needed for a community or society to function, including all EXCEPT which of the following?

What is the process that causes an increased flow of goods services capital people information and ideas across national borders multiple choice question?

Globalization is the increase in the flow of goods, services, capital, people, and ideas across international boundaries, according to the online course Global Business.

Which is a major advantage of a global strategy?

The global strategy offers greater opportunities to take innovations developed at the corporate level or in one market and apply them to other markets. Research suggests that the performance of the global strategy is enhanced if it deploys in areas where regional integration across countries is occurring.

Which of the following is the measure of how much one currency is worth in relation to another?

An exchange rate is a relative price of one currency expressed in terms of another currency (or group of currencies).

Which term refers to the performance of management activities across national borders?

1) International management is the performance of management activities across national borders.

What is the primary success indicator for firms in a centrally planned economy?

Profits are the primary "success indicator" for firms in a centrally planned economy. In a market system, the income earned by owners of natural resources is called interest income.

Is the major means of exchange in centrally planned economies?

Barter: is the major means of exchange in centrally planned economies. is used to circumvent the problem of a lack of coincidence of wants among potential buyers and sellers.

Why in a competitive market economy do firms select the least cost production techniques?

In a competitive market economy, firms select the least-cost production technique because: to do so will maximize the firms' profits. "Consumer sovereignty" means that: buyers determine what will be produced based on their "dollar votes" for the goods and services offered by sellers.

What to produce in a market economy is ultimately determined by the quizlet?

What to produce in a market economy is ultimately determined by the: spending decisions of households.