GM Entered China in 1997 Through a Joint Venture with Shanghai

question 9

Multiple Choice

GM entered China in 1997 through a joint venture with Shanghai Automotive Industrial Corp.(SAIC) .Which of the following factors best contributes to the fact that the Chinese market already accounts for 25 percent of GM's total revenues?

• A) Chinese workers cost only a fraction of what U.S. workers do.
• B) The company operates a larger number of assembly plants in China than the U.S.
• C) The China operation sells more vehicles while employing twice the number of employees.
• D) GM's China operation has never been cost-competitive.

---

Definitions:

Kinship Terminology

The system of terms used in a particular culture to denote familial relationships, such as mother, father, cousin, etc.

Industrial

Related to the sector of the economy involving the manufacturing and production of goods, often characterized by the use of heavy machinery and automation.

Cultural Status

The recognition, respect, and honor a person or entity receives based on cultural norms and values within a society.