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1 year ago

One of the most important factors in forming a successful venture in China is guanxi, which means ________.

1 answer:

6 0

One of the most important factors in forming a successful venture in China is guanxi, which means personal relationships.

<h3>What is Guanxi?</h3>

Guanxi is a term that can be translated informally as social networks or personal ties. It operates on a personal, familial, social, business, and political level and entails mutual trust and duties between partners. One's influence and capacity for action are influenced by having good, bad, or no guanxi.

Guanxi is still significant while conducting business in China, but a number of considerations suggest that it may start to lose some of its significance. These include the opening up of the Chinese market, foreign direct investment, "guanxi learning" by foreign businesses, and internet intermediaries.

To know more about Guanxi refer to: brainly.com/question/26541981

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When managers make the most appropriate decision in light of what they believe to be the most desirable consequences for the com

ikadub [295]

Answer:

optimum

Explanation:

An optimum decision as defined in the question can be defined as the most appropriate decision taken by a manager in the light of what they to be the most desirable consequences for the company.

This simply means that when an event or occurrence takes place in a company, the managers have the responsibility to take the best decisions for the company. The best decision is therefore called the optimum decision; that is the highest level of decision that solves the problem with the smallest of consequences.

Cheers.

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3 years ago

Sascha is in a marching band. Because the band members move together identically, the audience perceives waves of motion. Sascha

nata0808 [166]

Answer: Common fate

Explanation:

The gestalt principle of common fate explains that objects moving in the same direction with a similar speed range, are observed as being part of one body.

Sascha's band director is making use of the gestalt principle of common fate to give the audience an illusion of waves of motion from the movement of the band members.

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3 years ago

Beth is conducting a risk assessment. She is trying to determine the impact a security incident will have on the reputation of h

ddd [48]

Answer:

c) Qualitative

Explanation:

reputation is affected by loss of confidentiality, loss of integrity, loss of availability and etc.

Therefore, The type of risk assessment is best suited to this type of analysis is Qualitative.

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3 years ago

Beaver Company (a multi-product firm) produces 5,000 units of Product X each year. Each unit of Product X sells for $8 and has a

Jlenok [28]

Answer:

C. Decrease by $7,000

Explanation:

Calculation to determine what company's overall operating income would Decrease by

Using this formula

Overall operating income =(Product X units*Contribution margin )-Fixed overhead eliminated

Let plug in the formula

Overall operating income=(5,000 units*$5)-$18,000

Overall operating income=$25,000-$18,000

Overall operating income=$7,000 Decrease

Therefore As a result of discontinuing Product X, the company's overall operating income would:Decrease by $7,000

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2 years ago

Sally Company manufactures large kitchen appliances. For the first year of purchase, the company will repair any manufacturing d

zzz [600]

Answer:

warranty

Explanation:

A warranty is a guarantee from a seller to buyer promising to if necessary repair or replace the purchased item with a stated period.

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2 years ago