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3 years ago

Alibaba and China’s ECommerce: Reality Bites

Business

1 answer:

lesya692 [45]3 years ago

7 0

Answer:

EBay lost out because they did not have the right strategy, and were unwilling to incorporate Chinese local content in their process.

Explanation:

Strategy

With regards to strategy, while Ali baba gave local producers freedom to upload their goods on their platform at zero cost; Ebay charged fees from local manufacturers/producers of item for uploading unto their digital platform.

Over confidence

EBay had experienced success in western countries, hence it was unwilling to incorporate Chinese local content in it's process. EBay's server and IT team were based outside China, and this sometimes made their digital platform in China slow, costly and not user friendly like Alibaba.

LESSON TO BE LEARNT

LOCAL CONTENT

Non Chinese e commerce giants like Amazon, needs to ensure that they incorporate Chinese local content in their process, to enable them survive in the Chinese market space.

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The May bank statement for Rental shows a balance of $6,300, but the balance per books shows a cash balance of $8,200. Other in

Sphinxa [80]

The items that will require journal entries to update the balance in the Cash account of the Rental Company are <u>items 1, 2, and 4</u>, as follows:

<h3>Adjusting Journal Entries:</h3>

Debit Utilities Expense (Electric) $200

Credit Cash $200

Debit Cash $480

Credit Note Receivable $450

Credit Interest $30

Debit Bank service charges $50

Credit Cash $50

<h3>Transaction Analysis:</h3>

1. Understatement of a check for the electric bill by $200 ($220 - $20)

2. Note Receivable $450 Interest on Note Receivable $30

4. Bank service charges $50

<h3>Cash Account Adjustments:</h3>

Utilities Expense (Electric) $200 Cash $200

Cash $480 Note Receivable $450 Interest $30

Bank service charges $50 Cash $50

Thus, the items that will require journal entries to update the balance in the Cash account of the Rental Company are <u>items 1, 2, and 4.</u>

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1 year ago

___ is the process of examining, documenting, and assessing the security posture of an organization’s information technology and

pychu [463]

Answer:

The correct answer is letter "A": Risk identification.

Explanation:

Risk identification is one of the steps used in the risk management process. Risks are determined through the measurement of the parameters that define them, the size of the loss or possible damage, and the possibility that the loss or damage eventually takes place.

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2 years ago

Traditionally, life insurance companies, pension funds, and brokerage firms are known as ________.

Elodia [21]

Nonbanks.......................................................

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3 years ago

Blue Point Company is formulating its marketing expense budget for the month of September. Sales in units for August amounted to

Anna007 [38]

Answer:

See below

Explanation:

Computation of estimated cash payment expense is seen below

Variable expenses

Sales in unit for August 4,000

Sales in unit September 4,000 × 110% = 4,400

Total variable expense 4,400 × $0.15 = $660

Fixed expense per quarter

Salaries $5,000 × 3 = $15,000

Depreciation $1,500 × 3 = $4,500

Total = $19,500

Budget total = $20,160

Estimated cash payment = $20,160 - $4,500 = $15,660

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3 years ago

Describe the differences among ethnocentric, polycentric, regiocentric, and geocentric management orientations.

Alekssandra [29.7K]

Describing the differences among ethnocentric, polycentric, regiocentric, and geocentric management orientations. We can explain them as follows.

In an ethnocentric management orientation, domestic enterprises or organizations think that their domestic activities or practices within the domestic area influence the domestic market. In this situation, the management teams are frequently transferred from their hometown or place of origin to a new site or a foreign nation.

The approach known as polycentric management orientation is one in which companies and organizations think there is always a distinctive strategy in every global market. This entails hiring and advancing suitable people from the same nation or region that the company works in. It primarily aims to lower hiring costs.

On the other side, the huge multinational firms that tend to construct groups of nations or regions where their branches are located and then develop policies and strategies that would only be relevant in those nations or regions are known as "regiocentric management orientation."

Contrary to the polycentric method, firms and organizations using geocentric management operations hire personnel from all over the world. KFC frequently adopts this stance.

Hence, differences among them have been explained above.

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1 year ago