All categories

2 years 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

#SPJ4

You might be interested in

QS 5-3 Merchandise accounts and computations LO C2 Kleiner Merchandising Company Accumulated depreciation $ 700 Beginning invent

irakobra [83]

Answer:

a. $8,900

b. $7,200

c. $2,300

d. $850

Explanation:

<u>Goods Available For Sale Calculation :</u>

Beginning inventory 5,000

Add Net Purchases 3,900

Goods Available For Sale 8,900

<u>Cost of Goods Sold Calculation :</u>

Goods Available For Sale 8,900

Less Ending Inventory (1,700)

Cost of Goods Sold 7,200

<u>Gross Profit Calculation :</u>

Net Sales 9,500

Less Cost of Goods Sold (7,200)

Gross Profit 2,300

<u>Net Income Calculation :</u>

Gross Profit 2,300

Less Expenses (1,450)

Net Income 850

6 0

3 years ago

In the role of a cultural steward, an HR manager primarily:A. administers day-to-day work of managing people.B. facilitates an o

statuscvo [17]

Answer:

(B) facilitates an organization’s culture and helps to build and strengthen or change that culture.

Explanation:

HR manager here refers to human resources manager, someone whose duties tend to revolve in the management and development of a company’s employees. There are many roles that an HR manager can take, from administrative expert (as described by option A), business partner (as described by option D & E), and of course, a cultural steward.

3 0

3 years ago

The purpose of ______ is to match supply and demand among the producers and consumers of society as a whole.

Alisiya [41]

The purpose of Microeconomics is to match supply and demand among the producers and consumers of society as a whole.

<h3>What is microeconomics?</h3>

Microeconomics is the study of decisions made by people and businesses regarding the allocation of resources, and prices at which they trade goods and services.

Examples of microeconomics include:

Supply
Demand
Competition
Prices of goods

Hence, Microeconomics aims at matching supply and demand among the producers and consumers of society as a whole.

Learn more about microeconomics here : brainly.com/question/8648375

7 0

2 years ago

Match each act to its purpose

Arte-miy333 [17]

I'm going to use A B C going down from "prevents detects(A).... to protects consumers(D)"
A-Dodd Frank Act
B-Patriot act
C-identity theft and assumptions
D-Credit card act

3 0

4 years ago

after completing a client's transaction you take the opportunity to point out that she may benefit from the product or service .

xenn [34]

The correct answer is; Offer the customer some literature about the product to take with them.

Further Explanation:

If the customer is already using a product that your bank is offering, you can give them some literature such as pamphlets explaining your banks product. It will depend on your banks policy on giving out information to non-customers.

The information that you give the possible customer should include prices and any perks that they may receive for changing banks. In addition to giving the person literature, you can offer to explain your product in more details and the reasons why they should change banks.

Learn more about banking at brainly.com/question/9608829

#LearnwithBrainly

7 0

3 years ago