Axis Partners,a Canadian Mutual Fund,recently Expanded Its Operations by Opening

question 35

Multiple Choice

Axis Partners,a Canadian mutual fund,recently expanded its operations by opening a branch in Shanghai,China,to handle market analysis.The company used an integration strategy for staffing its new office.Entry-level positions in Shanghai were filled by recruiting graduates from local campuses.However,they soon realized that this strategy was not as successful in China as it was in Canada.Which of the following,if true,could explain the reason for this?

• A) Employee turnover rates in the financial services industry in China is one of the lowest in the world.
• B) The employees in Shanghai were being paid lesser than their counterparts in Canada.
• C) Some of its successful competitors in China use a differentiation strategy.
• D) Few students in Shanghai chose finance as their subject of specialization.

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