Nike Produces Only a Small Portion of Its Output in China,but

question 47

Multiple Choice

Nike produces only a small portion of its output in China,but when the firm refers to China as a "2-billion-foot market," it is referring to the fact that:

• A)the Chinese children had no shoes.
• B)the Chinese shoe market is very competitive.
• C)China can develop its own shoe market.
• D)it will take a long time for China to develop a future market.
• E)China is a potential future market.

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Definitions:

SEC

The U.S. Securities and Exchange Commission, a federal agency responsible for enforcing federal securities laws and regulating securities industry participants.

Operations

The day-to-day activities carried out by a business to generate earnings, involving production, sales, and service provision.

Funded

Funded refers to a financial state where a project, account, or obligation has sufficient reserved resources or capital to cover expenses or liabilities.

SEC

The Securities and Exchange Commission is a U.S. federal agency that oversees securities transactions, activities of financial professionals, and ensures that investment markets operate fairly and transparently.