assesments of countries as market or production location Flashcards
1
Q
market attractiveness is
A
measure of a potential value of a particular market in a country
2
Q
3 ways to measure market attractiveness
A
boston matrix
pestle
porters 5 forces
3
Q
5 things that make a market attractive
A
- changes in disposable income
- ease of doing business
- infrastructure
- political stability
- exchange rates are considered
4
Q
inflation is
A
sustained increase in the general price level of goods and services in a country
5
Q
production is
A
the total amount of output produced in a time period
6
Q
2 costs of production
A
manufacturing wages
energy costs
7
Q
5 things that make a country a good production location
A
- cost of production
- skills and availability of labour force
- government incentives
- natural resources
- political stability
