China Is an Attractive Location for Cross-Border Alliances Because of ____

question 59

Multiple Choice

China is an attractive location for cross-border alliances because of ____.

• A) its large potential demand
• B) its efficient distribution channels
• C) the technological knowledge it can share with its alliance partners
• D) its pro-business regulatory policies

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Definitions:

Functional Currency

The main form of money used in the chief economic setting where an organization functions, usually utilized in its financial statements.

Exchange Rates

The cost of converting one currency into another.

Functional Currency

The currency of the primary economic environment in which an entity operates, typically used in measuring and reporting its financial performance.