Depends on the products, many are places, some are given names, etc.: http://en.wikipedia.org/wiki/Ikea#Product_names

Some are, others are more or less punny/witty/semi-relevant nouns/adjectives/adverbs. One example I remember from the quiz is the oven called "Dåtid", which sort of means "past time".

Edit: Of course there's a relevant section on the Wikipedia page, should've guessed. :)

Edit 2: Never knew there was such a system to it!

And funnily enough some floormats or toilets are named after Danish places.

http://www.independent.co.uk/news/world/europe/ikea-and-loat...