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

The Windsong Automobile Manufacturing Company produces custom luxury automobiles, The owner recognizes the importance of happy

LekaFEV [45]

Answer:

Task identity.

Explanation:

Task identity is the basically degree to which from point A to point B to the point where it is basically visible.

3 0

3 years ago

Jeffery Wei received a 7-year non-subsidized student loan of $30,000 at an annual interest rate of 5.2%. What are Jeffery's mont

levacccp [35]

Answer:

$515.56

Explanation:

Since it is a non-subsidized loan, interest would accrue during the 4 years Jeffery is in college.

So, find interest accrued using simple interest rate formula;

Simple interest (SI)= Principal * rate* time

SI = 30,000*0.052*4

SI = 6240

Next, add this amount to the borrowed loan amount;

Total amount in 4 years = 30,000 + 6,240 = 36,240

Using a financial calculator, input the following to solve for the monthly PMT;

PV = -36,240

FV = 0

Monthly interest rate ; I = 5.2%/12 = 0.433%

N = 7*12 = 84 months

then compute payment; CPT PMT = $515.56

5 0

3 years ago

The management of Axil Inc., an investment firm, believes in providing the best facilities to its employees. It decides to provi

WITCHER [35]

Answer:

Free choice

Explanation:

There are three domains of human action that is codified law, domain of ethics and domain of free choice. Under the domain of free choice, people enjoy complete freedom and are not governed by written down regulations or rules. People are governed by their own personal standards under the domain of free choice.

4 0

4 years ago

According to the video, what tasks do Helpers-Production Workers commonly perform? Check all that apply. fetching and holding ma

snow_tiger [21]

Answer:

fetching and holding materials

moving materials between work areas

keeping records

cleaning machinery

Explanation:

These are correct on edge

7 0

3 years ago

Read 2 more answers

The top-down method of estimating when the pooled experience of senior and/or middle managers are used to estimate the total pro

Murljashka [212]

A consensus method means the method of estimating when the pooled experience of managers are used to estimate the total project duration.

<h3>What is a consensus method?</h3>

This refers to the method of determining the extent to which experts or lay people agree about a given issue.

Hence, the the method of estimating when the pooled experience of managers are used to estimate the total project duration is known as a consensus method.