What Is One of the Highest Costs of Doing Business

question 3

Multiple Choice

What is one of the highest costs of doing business in China?

• A) money required for the transportation of goods
• B) money required for obtaining appropriate permits
• C) cost of local advertising
• D) capital required to maintain effective distribution
• E) cost of customizing products for the Chinese market

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Definitions:

Job Analysis Method

A systematic process used to identify the duties, responsibilities, and requirements of a specific job.

Organizations

Groups of people structured systematically to achieve specific goals or perform specific tasks.

Time-And-Motion Study

An analysis designed to optimize productivity by studying the tasks within a job, to reduce inefficiency and increase effective use of human effort.

Job Analysis Method

A systematic procedure for gathering, documenting, and analyzing information about a job's duties, responsibilities, and the requirements for performing it.