China Is a Nation with a Vast Amount of Land

question 87

Multiple Choice

China is a nation with a vast amount of land and a very large population. Another characteristic of this nation is its people's affinity for saving money. Referring to the five factors of production, the government of China has made significant progress in building its business environment by focusing on factors that needed improvement. Its best strategy would be to

• A) increase the supply of labor.
• B) increase sources for capital.
• C) increase entrepreneurship.
• D) encourage neighboring nations to provide the necessary land for business development.

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Definitions:

Sales Promotion

Marketing strategies aimed at increasing sales in the short term, including discounts, coupons, and special offers.

Promotional Budgets

Financial allocations designated for marketing and promotional activities with the aim of boosting sales and awareness of a product or service.

Annual Reports

are comprehensive reports issued by a company at the end of each fiscal year, detailing its operations and financial conditions.

Publicity

Disseminating unpaid news items through some form of media (e.g., television story, newspaper article, etc.) to gain attention or support.