Question

A Canadian company is examining the relative wages, land-acquisition costs, and access to R&D facilities before deciding to enter a new foreign market. This means that _____ is/are particularly important to the company’s choice of a mode of entry.

Answer 1

Answer:

The correct answer is ''Market Analysis''.

Explanation:

A market analysis is the name given, in the field of economics, to the term that refers to the strategy used by many managers to know whether is good or bad to enter a new market. It is part of an industry analysis and it shows the attractiveness and dynamics within the market that could led to a very good decision at the time of decising whether to operate or not in a foreign market. Moreover, it is also known as a documented investigation whose main focus is on evaluating the basics of a new market and inform to the managers of the company that information. Therefore that a ''market analysis'' is particulary important to the company's choice of a mode of entry.