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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:Group of answer choicesit will take a long time for China to develop a future market.the Chinese shoe market is very competitive.China is a potential future market.China can develop its own shoe market.

Question

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:Group of answer choicesit will take a long time for China to develop a future market.the Chinese shoe market is very competitive.China is a potential future market.China can develop its own shoe market.

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Solution

Nike refers to China as a "2-billion-foot market" because it sees China as a potential future market. The phrase "2-billion-foot market" is likely referring to the vast population in China, and thus, the large number of potential customers for Nike products.

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