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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Answer: 1.222
Explanation:
The Average duration can be derived from the formula:
Assets * Average Duration = Liabilities * Duration of Liabilities
Average Duration = (Liabilities * Duration of Liabilities) / Assets
= (47,000,000 * 1.3) / 50,000,000
= 61,100,000 / 50,000,000
= 1.222
<em>Answer:</em>
<em>A drug cartel is a criminal organization with the intention of supplying drug trafficking operations. They range from loosely managed agreements among various drug traffickers to formalized commercial enterprises.</em>
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Those people who own the mode of production are typically of higher class than laborers.
In the Marxist theory of historical materialism, a mode of production refers to a specific combination of the productive forces, which tend to include the human labour power, and another one is the social and technical relations of production.
So, here Marx says that a person's productive ability and his participation in the social relations are known to be the two essential characteristics of social reproduction. Thus, those people who tend to own the mode of production are typically of the higher class than the laborers.
Hence, option C is correct.
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The three key reasons startups require funding are attorney fees, capital investments, and marketing research.
<h3>What is a Start-up?</h3>
A startup is a company that is still in its initial stage of operation. The initial stages of operation require significant investment in attorney fees, Capital investment, and marketing research.
In most cases, a startup is created by one or more entrepreneurs who have a vision or a goal to solve a business problem.
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