China and India Have Been the World's Fastest Growing Economies

question 41

Essay

China and India have been the world's fastest growing economies in recent years. Write a short essay that summarizes how these two countries are changing the landscape of international business, and describe the arena in which each excels. Then choose some type of business that you would like to be involved in, and describe how and why you, as a manager in that business, would choose to work with other organizations in one of these two countries.

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Definitions:

Merchandise

Goods that are bought and sold in the course of business.

State Sales Tax Department

The department within state government responsible for administering the collection and management of sales tax, including regulation enforcement and taxpayer assistance.

Perpetual Inventory

A system of inventory management where updates are made continuously as inventory items are bought and sold.

Defective Merchandise

Defective merchandise refers to products that are damaged or fail to meet quality standards or specifications at the time of sale.