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.

Question

Quizplus · Accepted Answer

This statement implies that Nike sees China as a significant opportunity for market expansion, considering the large population (hence, "2-billion-foot" referring to the number of potential customers).

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