Which of the Following,if True,would MOST Weaken the Argument for Venturing

question 48

Multiple Choice

Which of the following,if true,would MOST weaken the argument for venturing into the Chinese market?

• A) The Chinese government provides subsidies and tax incentives to local manufacturers who export their products.
• B) The Chinese breakfast menu is typically made up of steamed dough, noodles, fruits, and eggs.
• C) It would take a few months to establish operations in China because of regulatory hurdles.
• D) Several international companies have failed in China because of their inability to understand local requirements.
• E) Penetrating the Chinese market requires extensive use of local employees.

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Definitions:

Statute of Frauds

A legal concept that requires certain types of contracts to be executed in writing and signed by all parties involved to be legally enforceable.

Guarantee Indebtedness

A commitment by one party to answer for the financial liabilities or obligations of another party, ensuring the debt will be paid.

Breach of Contract

Violation of any terms or conditions in a contract without a lawful excuse, which may result in legal action.

Adequacy of Consideration

A legal principle assessing whether what is exchanged in a contract (goods, services, or money) is fair and of sufficient value.