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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.

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A provision stating that the insurer cannot dispute the validity of a policy after a specific period is called a(n) ______.

Mazyrski [523]

Incontestability clause - This tells us the insurance company may not contest the validity of the policy during the insured's lifetime for any reason, including fraud, if the policy has been in effect for a predetermined duration

What is incontestability clause?

An incontestability clause in a life insurance policy safeguards the policyholder and forbids the insurer from changing any aspect of the insurance coverage as a result of a misinterpretation or false statements made by the insured (the policyholder) after a certain amount of time. A life insurance policy's provider cannot revoke any statement after a specified period of time thanks to an incontestability provision. This provision is frequently regarded as offering policyholders the most robust defense.

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8 0

2 years ago

Which part of real GDP fluctuates most over the course of the business cycle?

ozzi

Answer:

c. investment expenditures

Explanation:

The reason for this is that during business cycles investors gain trust in the economy during a boom and invest a lot and during a recession they lose trust in the economy and decrease their investment by a lot, where as a lot of consumption like food, medicine, petrol etc remains mostly unaffected by changes in business cycle. Also government spending does not fluctuate a lot during the course of a business cycle because government spending is either long term like development projects.

6 0

3 years ago

Cho owns and operates a store in a country experiencing a high rate of inflation. In order to prevent the value of money in her

Ber [7]

Answer:

Shoe leather costs

Explanation:

(A) Shoe leather costs

(B) Inflation can be defined as the persistent rise in the prices of goods and services. Shoe leather costs can be defined as the costs of time and effort that are encountered by individuals while trying to prevent the effect of inflation. It describes the costs incurred by individuals that visits the bank often inorder to withdraw money needed to purchase goods and services during the time of inflation.

Shoe leather cost arises during the period of high inflation, individuals do not hold large amount of cash because there will be a reduction in the value of the money.

5 0

4 years ago

On March 10, 2015, Dearden, Inc., purchased 15,000 shares of Jaffa stock for $ 35 per share. Management recorded it in the avail

sergey [27]

The journal entries that are required by the facts presented in the given case are:

1) On March 10,2015: Investment A/c Debited with $525000 and Bank A/c Credited with $525000,

2) On September 12,2018:Bank A/c Debited with $450000 and Investment A/c credited with $450000,

3) On March 31,2019:P&L A/c Debited with $75000 and Investment A/c credited with $75000.

Given that on March 10, 2015, Dearden, Inc. purchased 15,000 shares of Jaffa stock for $ 35 per share and Dearden sold all of the Jaffa stock on September 12,2018 , at a price of $ 30 per share.

We are required to pass the journal entries for the given transactions.

Journal is a book in which the transactions are recording for the first time in the company's books of accounts.

The journal entries are as under:

1) On March 10,2015: Investment A/c Debited with $525000 and Bank A/c Credited with $525000,

2) On September 12,2018:Bank A/c Debited with $450000 and Investment A/c credited with $450000,

3) On March 31,2019:P&L A/c Debited with $75000 and Investment A/c credited with $75000.

Hence the journal entries in the books of accounts in Dearden Inc. are: 1) On March 10,2015: Investment A/c Debited with $525000 and Bank A/c Credited with $525000,

2) On September 12,2018:Bank A/c Debited with $450000 and Investment A/c credited with $450000,

3) On March 31,2019:P&L A/c Debited with $75000 and Investment A/c credited with $75000.

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3 0

1 year ago

A market where tenants negotiate rent and other terms with property owners or their managers is referred to as a:_________

goldfiish [28.3K]

A user market is one where tenants bargain rent and other conditions with property owners or their managers.

<h3>What are Business User Markets?</h3>

Several other user markets also make purchases, either for their own consumption or with the goal of redistribution to others, in addition to selling finished goods and services to supply chain organizations. When making these purchases, the buyer typically does not significantly alter the goods from their original state. Although technically these markets are also a component of the supply chain, the majority of business users do not actively participate in or directly support production.

Any method that lets customers get involved in a marketing effort is known as user-generated marketing. User-generated marketing is just as much a kind of public relations as anything else because it gives a target audience a more participatory and interesting experience.

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4 0

1 year ago