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sineoko [7]
2 years ago
9

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

Business
1 answer:
Agata [3.3K]2 years ago
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

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An increase in the selling price per unit will decrease an organization's operating leverage, assuming sales unit volume doesn't
xenn [34]

Answer:

a) true

Explanation:

This is true because, increasing the price of the product sold by an organisation directly lead to the reduction of the operating cost of the said organization, all other things being equal. <em>For example, a glass manufacturing company increasing the selling price per unit glass from $40 to $90 will definitely lead to operating cost reduction.</em>

7 0
3 years ago
Abraham is wanting to move out of his parents house, and must create a budget to see if he can afford the change in expenses. He
olchik [2.2K]
What's the question with the statement?
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3 years ago
What is the net present value of a project with the following cash flows if the required rate of return is 9 percent?
inna [77]
<span>Year Cash Flow
0 -$46,400 
1 18,000 
2 33,530 
3 4,600</span>

<span>NPV = -$46,400 + $18,000 / (1 + 0.09) + $33,530 / (1 + 0.09)2 + $4,600 / (1 + 0.09)3 = 

</span><span>-$1,574.41</span>

7 0
3 years ago
Hodgkiss Mfg., Inc., is currently operating at only 92 percent of fixed asset capacity. Current sales are $780,000. Fixed assets
EleoNora [17]

Answer:

$17,835.90

Explanation:

Currently Hodgkiss is operating at 92% of its fixed asset capacity, so they have an spare 8% to grow without adding any more fixed assets: ($780,000 / 92) x 100 = $847,826.09.

So they need to add fix assets in to increase its production by $32,173.91 (= $880,000 - $847,826.09).

Every dollar spent in fixed assets generates at full capacity $1.8039 in production output (= $847,826 / $470,000).

If they want to increase production by $32,174, they will need to spend $17,835.90 in fixed assets.

4 0
3 years ago
Account analysis, high-low. Luwak Coffees wants to find an equation to estimate monthly utility costs. Luwak has been in busines
Inessa [10]

Question Completion:

See attached.

Answer:

Luwak Coffees

1. Water bill is fixed.  Electricity bill is variable.  Telephone bill is mixed.

2. High-Low method:

Water bill = $120 + 0q

Electricity bill = $0.3q

Telephone bill = $140 + $0.02q

where q = the quantity of each cost consumed.

3. Water bill = $120 + 0q

Electricity bill = $0.3q

Telephone bill = $140 + $0.02q

= $260 + $0.32q

4. No solution.  There is no relationship with machine hours, employees, and units with utility bills.

Explanation:

a) Data and Calculations:

Month           Electricity Bill    Kilowatt Hours Used

January            $ 720                       2,400        

February          $ 840                       2,800

March             $1,098                       3,660

April                  $ 810                       2,700

May                 $1,176                       3,920

June               $1,248                       4,160

July                $1,044                       3,480

August           $1,194                       3,980

September   $1,260                       4,200

October        $1,230                       4,100

November    $1,188                        3,960

December  $1,266                        4,220

Telephone Bill $184.

Low cost = Jan  $ 720                2,400

High cost = December  $1,266         4,220

High cost = December  $1,266         4,220

Low cost = Jan                $ 720         2,400

Difference =                     $546         1,820

Variable cost per unit = $546/1,820 = $0.3 per kwh

Fixed cost, using December's figures:

Variable cost = $1,266

Fixed cost = $0 ($1,266 - 4,220 * $0.3)

Telephone bill:

High, June $197.60     2,880

Low, April     178.20      1,960

Difference $18.40        920

Variable cost = $18.40/920 = $0.02

Fixed cost = Total cost - Variable cost

= $197.60 - (2,880 * $0.02)

= $140

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4 0
3 years ago
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