This topic contains a solution. Click here to go to the answer

Author Question: Factor proportions theory was developed by ________. A) Smith and Ricardo B) Ricardo and Ohlin ... (Read 103 times)

burchfield96

  • Hero Member
  • *****
  • Posts: 610
Factor proportions theory was developed by ________.
 
  A) Smith and Ricardo
  B) Ricardo and Ohlin
  C) Heckscher and Ohlin
  D) Heckscher and Smith

Question 2

Compare and contrast industry market potential and company sales potential. How is an estimate of industry market potential helpful to managers? What factors are necessary to determine industry market potential?
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

braelync

  • Sr. Member
  • ****
  • Posts: 350
Answer to Question 1

C

Answer to Question 2

Industry market potential is an estimate of the likely sales for all firms in a particular industry over a specific period. It is different from company sales potential, the share of industry sales the focal firm itself can expect to achieve during a given year. Most firms forecast both industry market potential and company sales potential at least three years into the future.
Estimating industry market potential enables the researcher to refine the analysis and identify the most attractive countries for the firm's product or service, as well as gain industry-specific insights and understand how the firm needs to adapt its product and marketing approaches. To estimate industry market potential, managers obtain data and insights on the following variables for each country:
 Size and growth rate of the market and trends in the specific industry
 Tariff and nontariff trade barriers to market entry
 Standards and regulations that affect the industry
 Availability and sophistication of distribution for the firm's offerings in the market
 Unique customer requirements and preferences
 Industry-specific market potential indicators
In addition to generic determinants of demand, each industry sector-from air conditioners to zippers-has its own industry-specific potential indicators or distinctive drivers of demand.
Company sales potential is an estimate of the share of annual industry sales the firm expects to generate in a particular target market. Arriving at it is often more challenging than earlier tasks, because the researcher typically needs to obtain highly refined information from the market and make some fundamental assumptions to project the firm's revenues and expenses three to five years into the future. These estimates are never precise and require quite a bit of judgment and creative thinking.




burchfield96

  • Member
  • Posts: 610
Reply 2 on: Jul 7, 2018
:D TYSM


nanny

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

For a complete list of videos, visit our video library