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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The answer is collateral.
A valuable object is used as collateral to secure a loan.
Lenders' risk is reduced by collateral.
The lender has the right to sell the collateral if a borrower defaults on the loan in order to recover its losses.
Two examples of collateralized loans are mortgages and auto loans.
You can utilize other personal belongings, like a savings or investment account, to protect a collateralized personal loan.
The sort of loan frequently dictates the kind of collateral.
Your house serves as collateral when you take out a mortgage. If you obtain a car loan, the vehicle will serve as collateral.
Cars but only if they are fully paid off bank savings deposits, investment accounts, and other sorts of collateral are frequently accepted by lenders.
Retirement account collateral is typically not accepted.
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Answer: Option D
Explanation: As per the job characteristics theory an employee who is performing a job which have a high variety of task to complete and require some special skills will feel more motivated and satisfied than others.
In the given case, Jon has a feeling that his job makes him to perform new task everyday, that's why, he never gets board with his job.
Hence from the above we can conclude that the correct option is D.
Simply said, management is by far the most crucial aspect for astute investors. VCs invest mostly in the management team's capacity to carry out the company plan. You need a solid understanding of your market, a tested business plan, and a well-thought-out strategy for approaching venture investors if you want to distinguish out from other businesses.
In addition to this, VCs value intellectual honesty and self-awareness in founders. He has discovered from his experience as an investor that "those who are very introspective, recognize their strengths and flaws" have a higher likelihood of founding and eventually developing a successful firm.
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