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Factory workers who work the day shift earn less per hour than similarly-skilled factory workers who work the night shift. The difference in pay is attributed to
Guanxi
A Chinese term representing the intricate network of relationships that individuals cultivate for mutual benefit, especially in business contexts.
Personal Connections
Relationships or networks formed between individuals based on mutual interests, shared values, or professional affiliations.
Foreign Currency Valuations
The process of determining the value of foreign currencies in comparison to one's own currency for financial reporting and trading.
Globalizing Operations
The process of expanding business operations across international borders, aiming for a global presence and market.
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