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14.
I.1.Getletters,documentsandpackagesdeliveredovernight.
2.Handlenearly2millionpackagesanddocumentsperday
3.Ownalargenumberofairplanes,trucksandvansforhandlingdelivery
4.Ensurethatmostofitsflightsarrivewithinfifteenminutesofschedule
5.Useacombinationofdirectservicesandindependentcontractorsforinternationaldeliveries
6.Promotethecompany'srecordofefficiencyandontimedelivery
7.Faceintensecompetitionfromelectronicmail
8.Businessesneedtobeabletocommunicatequicklywithemployeesaroundtheworld
9.Offerinternationalservicetooveronehundredcountries
10.Anadverseimpactwhichlossesininternationaloperationshaveonafirm'searnings
11.Increaseacompany'sfixedcostsofinternationaloperations
12.Experiencepoorsalesperformanceduetoverystiffcompetition
13.Havedifficultyinbuildingaglobalinfrastructuretosupportitsoperations
14.Trytoimproveitsservicesthroughmoresophisticatedcomputers
II.1.BusinessesandindividualsintheUnitedStatesandthewholeworldbenefitgreatlyfromtheovernightletter,documentandpackagedeliveryservicehandledbyFederalExpress.
2.FederalExpresshasup-do-datemeansoftransport,highlyefficientservicecentersandfacilities,andloyalandhardworkingemployees,whichensuresthequickandpunctualfulfillmentofitsdeliveryservice.
3.Topromoteitsdeliveryservice,FederalExpressmotivatesitsemployeesbyofferingthemexcellenttrainingandcompensation,sothattheyhaveveryhighlevelofserviceandefficiency.
4.Despiteitsremarkablebusinessperformance,FederalExpressisfacedwithfiercecompetitionfromitsrivalsinitsbusinessoperations,withtheresultofaconsiderablelossofitsmarketshare.
5.Althoughithasexperiencedmanydifficultiesandsetbacksinitsbusinessoperations,FederalExpressisconvincedthat,byimprovingitsservicethroughmoresophisticatedcomputersandcustomerrelations,itcancertainlysucceedinattainingfurtheroverseasexpansion.
RevisionExercises(LL.8-14)
I.1.in2.in3.with4.for5.to6.of7.on8.in9.to10.with11.on12.with13.from14.of15.by16.in
II.1.alongwith2.importers3.ensure4.advertise5.establishing6.existing7.blueprint8.incontrastwith9.inspiteof10.wassubjectto11.wereaimedat12.arelikelyto13.prevailing14.affect15.regardlessof16.extent
III.1.thegovernmentwillprovidethemwithpreferentialloansandrelativelycheaprawmaterials
2.ThecentralbankofthatLatinAmericancountryislikelyto
3.hasplayedasignificantroleintherapideconomicgrowthofthiscountry
4.specializinginthemanufactureoftransformers
5.willleadtopricefluctuationsandaslowdownintheimprovementinthelivingconditionsofinhabitants
6.hasenabledChina'sexistingindustrialenterprisestoraiselaborproductivity,increaseoutputandimproveproductquality.
7.willpromotetheeconomicdevelopmentofShanghai,theYangtseDeltaandthewholecountry
8.onthebasisofthetradeagreementsreachedwiththem
9.thereisnodoubtthattheirexportvaluewilldeclineobviously
10.consistingofagroupofrenownedeconomists
11.amountedto2billionU.S.Dollars,anincreaseof15percentovertheyearbefore
12.hascreatedconditionsforthefurtherdevelopmentandopeningupofthatcity
13.willcontributetotheexpansionofeconomicandtradecooperationbetweenChinaandSpain
14.regardlessofanydifficultiesandrisks
IV.1.Atthattime,takingadvantageofhisparticipationinanexportcommodityfairinLosAngeles,thepresentativeofthiscompanyproducinghouseholdelectricappliancesgotacquaintedwithmanyforeignentrepreneursandbusinessmensoastocreatefavorableconditionsforthedevelopmentofthecompany'soverseasbusinessinthefuture.
2.Asfarbackasthemid-1980s,thegovernmentmadegreateffortstobuildhighwayandcommunicationfacilitiesinthateconomicdevelopmentzoneinordertocreateconditionsforthevigorouseconomicdevelopmentinthe1990sandbeyond.
3.Inordertofurtherexpandopening-up,thegovernmenthasallowedthebranchesofforeignbanksinChinatoconductRMBdepositandlendingbusinesssothattheycanplayanimportantroleinChina'seconomicdevelopment.
4.Withaseriousshortageofforeignexchange,thisLatinAmericancountryhascontinuouslycutdownonimports,leadingtoaninadequatesupplyofmanymachineryandequipmentandrawmaterialsandasustaineddeclineinindustrialproductioninthecountry.
5.ThestatisticsissuedbyChina'sCustomsGeneralAdministrationshowthat,onNovember20,2004China'stotalexportandimportvaluetopped1trillionU.S.Dollars,whichbecameanewmilestoneinthedevelopmentofthecountry'sforeigntrade,implyingthatChinawillbecometheworld'sthirdlargestinternationaltradernextonlytotheUnitedStatesandGermany.
6.TheforeignexchangesystemrecentlypromulgatedbyBankofChinaisaimedatstimulatingdomesticenterprisestoexpandexportsandincreaseexportearningsandencouragingoverseasChinesetomakemoreremittancetotheirmotherland.
7.Recently,thecommerceministerofthatcountrystatedatapressconferencethat,onthebasisofsomeregulationspromulgatedbytheWorldTradeOrganization,thecountrywouldsoonnegotiatewithsomedevelopedcountriesaboutbilateraleconomicandtraderelations.
8.Atthattime,despiteitsmajoreconomicdifficulties,Chinastillprovidedsomelessdevelopedcountrieswitheconomicandtechnologicalassistanceandhelpedthemovercomevariousdifficulties.
9.ForeigninvestorshavebenefitedalotfromChina'spolicyofopeningup,becausethatpolicyhasenabledthemtoinvestinacountryhavingahugemarketandreapenormousprofits.
10.WithChina'sfurtherexpansionofitsopening-up,foreigncompaniesarepermittedandencouragedbytheChinesegovernmenttomakeinvestmentsinsuchindustriesascommerce,bankingandinsuranceotherthanmanufacturing.
11.Inrecentyears,asaresultofutilizingforeigncapitalandadvancedforeigntechnology,China'sautoindustryhasdevelopedsteadilyanditsoutputandproductqualityhaverisen,sothatithasnotonlymetthegrowingneedsofthedomesticmarketbuthasalsocontinuouslyexpandedexports.
12.Thatyear,theheadsofstateofFrance,GermanyandsomeotherEuropeancountriesvisitedChinainsuccessionandeachofthemwasaccompaniedbyaChinavisitinggroupconsistingofnearlyahundredpeopleincludingseniorbusinessexecutives,bringingaboutvarioustypesofSino-Europeanbusinesscooperationincludinginvestmentsininfrastructureandtheestablishmentofjointventure.
13.Inthelate1990s,manufacturedexportsofthatdevelopingcountryaccountedfor60percentofitstotalexports,asopposedtoonly18percentinthe1970s,reflectingtherapiddevelopmentofthatcountry'smanufacturingandtheevidentriseintheinternationalcompetitivenessofitsmanufacturedgoods.
14.Afterenteringthe21stcentury,theU.S.Economyobviouslyworsened,whichwascharacterizedbyasubstantialdeclineinitsgrowthrate,amarkedreductioninproductionanddomesticmarketsalesandasharpdropinstockprices.
15.ThespokesmanoftheChineseministryofcommercerecentlytoldthepressthatthenewmeasuresadoptedbytheChinesegovernmentnotlongagowereaimedatencouragingforeigninvestorstomakeinvestmentsinChina'scentralandwesternregions.
15.
I.1.Internationalinvestmentswhichareaimedatearninghigherreturnsabroad
2.Takeadvantageofhigherreturnsonsecuritiesabroadtoearnmoremoney
3.Buyersofforeignsecuritieswhoexpectyieldmaximization
4.Takeaccountofthegreatvariabilityinthemarketvalueofforeignsecurities
5.Asharpreductioninreturnsarisingfromthedrasticfallinthemarketpricesofforeignsecurities
6.Measuretheriskassociatedwithinvestmentsinforeignstocksandbonds
7.Higherreturnsondirectinvestmentsresultingfromhighergrowthratesabroad
8.Retaindirectcontroloveruniqueproductionknowledge
9.Largecorporationswhichdonotwanttolicenseforeignproducers
10.Avoidtariffsandotherrestrictionsimposedonimports
11.Large-scaledirectinvestmentmadeinmanufacturinginforeigncountries
12.Obtainthenecessaryfinancingtoenteranewforeignmarket
13.Exertdirectcontrolovertheoperationsofthesubsidiariesaroundtheworld
14.Facilitateandencouragemultinationalcorporations'directinvestmentsabroad
II.1.Internationalinvestmentsconsistmainlyofinternationalportfolioinvestmentanddirectforeigninvestments,withtheformerreferringtoportfolioinvestmentsintheformofpurchasingstocksandbondsandthelatterreferringtoundertakingproductionorotherbusinessactivities.
2.Afterthesecondworldwar,inordertomaximizeprofits,industrializedcountriesmadedifferenttypesofdirectinvestmentsinallpartsoftheworldaswellasmakinggreateffortstoincreasemerchandiseandservicesexports.
3.Thereisnodoubtthatdevelopingcountries'abundantnaturalresources,cheaplabourandvariousincentiveswillcertainlyattractdevelopedcountries'largecorporationstomakeenormousdirectinvestmentsinthosecountriesandenablethemtoreaphugeprofits.
4.Sincethe1970s,developedcountries'directinvestmentsindevelopingcountrieshaveincreasinglytakentheformofestablishingjointventureswithlocalcapitalsoastoobtainpreferentialtreatmentandpreventtheirfirmsfrombeingnationalizedbythehostcountries.
5.Manymultinationalcorporationsofmajordevelopedcountriesundertakeproduction,processingandmarketingonaglobalbasisandtheirbranchesandsubsidiariesspreadallovertheworld.
16.
I.1.ThecompetitiveadvantageofMNCsininternationalmarkets
2.Maximizethecompany'sannualsales
3.Theestablishmentofaglobalnetworkofdistribution
4.Shiftproductionfacilitiestolow-wagenationsandregions
5.Thepossibilityofobtainingforeignmarketinformation
6.Provideitsforeignsubsidiarieswithnew-typemachineryandequipment
7.Someproductsareoverpricedandsomeotherproductsareunderpriced
8.Engageindevelopingandmanufacturinghigh-technologyproducts
9.Impose(place)restrictionsonthetransferofhighlysophisticatedtechnology
10.Exercisestrictcontroloverthequalityofproducts
11.Doharmtothereputationandeconomicstrengthoftheparentfirm
12.Thelossofthetechnologicalleadofthismultinationalcorporation
13.Strictlyobservethelawsandregulationsofthehostcountryforforeigninvestment
14.Bringaboutfrictionsanddisputesbetweendomesticandforeignenterprises
II.1.Inthepostwarera,therapiddevelopmentofmultinationalcorporationsresultingfromthesharpincreaseintheforeigndirectinvestmentsofmajorindustrialcountriesplayedasignificantroleintheworld'seconomicdevelopment.
2.ThesteadyincreaseinthenumberandstrengthofGerman,FrenchandJapanesemultinationalcorporationsbasedontherapideconomicdevelopmentoftheirowncountrieshasunderminedthesuperiorityofAmericanmultinationalcorporations.
3.Manymultinationalcorporationshaveexploitedtheirhugeproductionanddistributionnetworkstoengageinvariousspeculativeandunlawfulactivitiesandharmthehostcountries'economicsovereigntyandthelegitimateinterestsofthepublic,inanattempttoseizeenormousillegalearnings.
4.Intheearly1970s,onthebasisofcentralizedmanagement,InternationalBusinessMachineCorporationprovideditsforeignaffiliateswithsomeoperatingautonomysothattheycouldadapttheirmarketingtothefastchanginglocaleconomicandpoliticalsituation.
5.TheAmericanmultinationalcorporationwhichundertakesproductionanddistributiononaglobalbasisisfacedwithserousdifficultiesinitsoperationarisingfromfierceforeigncompetition.
17.
I.1.AjointventureinwhichtwobusinessentitiesfromChinaandJapanhaveparticipated
2.Beagainstmajorityownershipandundividedmanagerialauthoritybyaforeignpartner
3.Twobasicfactorsdeterminingtheformajointventureshouldtake
4.AnAmericanoilcompanyformedajointventureintheMiddleEastwithaBritishoilfirmforoilexplorationinthatregion.
5.Theadvantagearisingfrompoolingthedifferentresourcesandcapabilitiesofeachpartner
6.Thelocalpartnerinajointventurewhoisofsomesignificanceinthefield
7.TheforeignpartnerwhocontributesproductionfacilitiestoajointventureformedbyboththeChineseandforeignparities
8.Ajointventureformedwithalocalpartnerwhooperatesinarelatedindustry
9.Governmentparticipationinjointventuresrealizedthroughgovernmentparticipationintheownershipofenterprises
10.conflictingviewsanddifferentwaysoflookingatproblemthatexistbetweenthetwopartners
11.Bringtothejointventuremanagementtheirlongstandingmanagerialpractices
12.Properlyhandletheinterpersonalfrictioninthejointventuremanagement
13.Explaintotheotherpartnerhisheadquarters'decisionsinrespecttotheoperationsofthejointventure
14.Havecompleteautonomyineveryoperatingdecisionofajointventure
II.1.Anequityjointventurerelatestoaneconomicorganizationjointlyinvestedandformedbyitstwopartnersandhavingthenewandindependentstatusasalegalperson,andbothpartnersshareprofitsandlossesaccordingtotheirrespectiveproportionsofinvestment.
2.TheLawofthePeople'sRepublicofChinaonJointVenturesUsingChineseandForeignInvestmentpromulgatedin1979,whichwasdesignedtoattractforeignfirmstomakedirectinvestmentsinChina,wasthefirstimportantforeigneconomiclegislationenactedaftertheimplementationoftheopen-uppolicy
3.AjointventureformedbybothitsChineseandforeignpartnersisanenterprisejointlyinvestedbyaChineseandaforeignbusinessentities,towhichbothpartnerscancontributecash,materialobjects(suchasfactorybuildings,equipmentandmaterials),industrialproprietaryrights,knowhowandtherighttousethesite.
4.AjointventureformedbybothitsChineseandforeignpartners,whichenjoysoperatingautonomy,isendowedwithsuchpowersaslayingoutitsschemeforenterprisedevelopment,drawingupitsproductionandmanagementprograms,workingoutitsplansforfinancialbudget,profitdistributionandlaborandwages,andengagingmanagerialpersonnel.
5.Itisevidencedbypracticethattheestablishmentofjointventures,whicharenew-typeenterprisesimbuedwithgreatvitality,contributestotheabsorptionofforeigncapital,theintroductionofadvancedtechnology,andthepromotionofthetechnologicaltransformationofexistingenterprises;theexpansionofexportsandtheaugmentationofforeignexchangeearnings;andtheabsorptionofforeignmanagementexperienceandtheimprovementinthebusinessmanagementofenterprises.
18
I.1.EveryforeigninvestmentproposalisexaminedbytheChineseauthorities.
2.ForeigndirectinvestmentswhichareinthebestinterestsofChinacanbeapproved.
3.ForeigncompanieshavelongcovetedChina'spotentialasahugemarket.
4.BothmarketsizeandresourcesarethemotivationforinvestinginChinabyforeigninvestors.
5.SeeChianastheworld'slastbiggrowthmarket
6.EstablishSpecialEconomicZonesinwhichincentivestoinvestaregiventoforeigncompanies
7.OfthetotalinvestmentinajointventuretheChineseandforeignpartnersown51percentand49percentrespectively.
8.Afeasibilitystudythatincludesthetypeandquantityofproductandtargetmarket
9.AgreementsbetweenthetwopartnersarepresentedtotheMinistryofCommerceorlocalauthoritiesforapproval.
10.Registertoobtainabusinesslicensewithinamonthofapproval
11.Theapplicationandapprovalprocedureforawhollyforeign-ownedventureisbasicallythesameasthatforajointventure.
12.ThetransferoftechnologyisconducivetoanincreaseintheexportcompetitivenessofChineseenterprises.
13.Achievetheforeigninvestors'objectivessuchasanincreaseinthereturnsoninvestmentandinmarketshare
14.Chinaistakingeffectivemeasurestofurtherattractforeigninvestments
II.1.Inthepastyears,China'srapideconomicgrowthanditspeople'srisingpurchasingpowerhavetranslatedintohugeconsumerspendingandmarketsize,whichisthemainmotivationforvigorouslymakingdirectinvestmentsinChinabyforeigncompanies.
2.Inrecentyears,manyareasinChinahavegivenforeigninvestorstheincentiveswhichareconsistentwiththeChinesegovernment'spolicyoffurtherexpandingopening-upandthemeasurestheyhavetakenareaimedatstimulatingforeigncompaniestoincreasetheirdirectinvestmentsinChina.
3.InviewofChina'sabundantcheaplabour,foreignfirmsseetheirdirectinvestmentsinChinaasameansofreducingcosts,increasinginternationalcompetitivenessandexpandingexportstointernationalmarkets.
4.Inthelate1970s,theChineseleadersperceivedthatonlybycarryingoutanopen-uppolicyandattractingandutilizingforeigncapital,technologyandmanagementmethodsratherthancontinuingeconomicisolationismcouldarapideconomicdevelopmentbeachieved.
5.Sinceitsestablishmentinlate1993,theeconomicdevelopmentzoneinChina'sJiangsuprovincehasacceptedsubstantialforeigndirectinvestmentswhichareinthebestinterestsofthenationandbytheendof2002,over300foreign-investedfirmshadbeenestablishedthere,including52firmswithaninvestmentofovertenmilliondollarseach.
19.
I.1.ForeigncompanieswhicharefirmlyestablishedinAsiaandChina
2.ThemostpromisingmarketintheAsia-Pacificregionandintheworld
3.Theacknowledgedlong-termcenterofbusinessinChina
4.Foreign-investedenterpriseswhoseprimaryobjectiveistoparticipateinthevastChinamarket
5.ThelocalgrowthandGDPareaheadofthecountryasawhole.
6.BeinggreatlyoptimisticaboutbusinessintheShanghaiarea
7.Offeringveryattractiveincentivestoforeigninvestors
8.AgreatimprovementintheinfrastructureandinvestmentenvironmentintheShanghaiarea
9.Projectsinsuchcategoriesashigh-technology,environmentalprotectionandexportorientation
10.Foreignenterprises'investmentprojectswhichenjoypreferentialpoliciesandregulations
11.Theconvenientlocationandtheimprovedqualityoflife
12.Furtheropentoforeigninvestmentandinternationalcommerce
13.EncourageandattractmoretradeandinvestmentfromtheWest
14.MoreandmoremultinationalcorporationsareplacingseniorexecutivesinShanghai
II.1.Inrecentyears,astheinfrastructureandinvestmentenvironmentintheShanghaiareahavebeengreatlyupgraded,foreignbusinesspeoplehavebeenincreasinglyinterestedinengagingintradeandmakingdirectinvestmentsinthisarea.
2.Guidedbytheopen-uppolicy,thelocalauthoritiesofShanghaihaveattachedgreatimportancetoabsorbingforeignfunds,technologyandmanagerialexpertise,inanefforttocontributegreatlytothecity'seconomicdevelopmentandprosperity.
3.AsforeigncompaniesareoptimisticaboutShanghai'seconomicdevelopmentandprospects,theyintendtoestablishnewenterprisesandfactoriesorincreaseinvestmentintheexistingenterprisesinthiscity.
4.Inimplementingthepolicyofabsorbingforeigncapital,thegovernmentofShanghaiprovideshigh-technologyandexport-orientedforeignenterpriseswithvariousincentivesaimedatencouragingandpromotingtheirdevelopment.
5.WiththeconstantperfectionofShanghai'sinvestmentenvironmentandsteadyimprovementinitsqualityoflife,thereisnodoubtthatthemultinationalcorporationsofmanydevelopedcountrieswishtobeestablishedinShanghai.
20
I.1.TheoverseasinvestmentstrategyofChineseenterprisesisrelatedtotheirsurvival.
2.Resolutelyimplementtheoverseasinvestmentstrategyof"goingoutanddevelopinginternationalmarkets"
3.AnimportantmeasureforChineseenterprisestomeetthechallengeofeconomicglobalization
4.Asharedvisionandmissionofanenterprisecanmotivateitsmemberstostriveforgreatsuccess.
5.Identifyinganenterprise'spurposeforoverseasinvestmentsisaprerequisitefordevelopingitsstrategicobjective
6.Investoverseastoexploitcertainresourcestomeetdomesticneeds
7.Chinaheavilyimportsresourcesthatareinabundantsupplyintheinternationalmarket.
8.Shouldconsidersettingupoverseasproductionfacilitiesforproductsthathavereachedasaturationpointinthedomesticmarket
9.Shouldtakeintoaccountwhetheroverseasinvestmentismorecosteffectivethantheuseofdomesticresources
10.Shouldtakeintoaccountwhethertheinvestmentenvironmentisgoodinselectingthehostcountry
11.Businessleadersshouldidentifythestrengthsandweaknessesoftheirenterprisesthroughacarefulanalysis.
12.Ensurethesustainabledevelopmentofanenterpriseandadapttothefastchangingenvironment
13.Toincreasetheirinternationalcompetitiveness,firmsshouldmakeeffortstocreatestrongbrands.
14.Competeinpriceandqualitywithsolidforeigncompaniesininternationalmarket.
II.1.Sincethesemineralresourceshadlongbeeninshortsupplyinthedomesticmarketandhadhighpricefluctuations,atthattimeprioritywasgiventothesemineralresourcesinidentifyingtheproductsofoverseasinvestment.
2.WhenthelargeChinesetelevisionmanufacturingcorporationfoundoutthattheproductioncostsofsomesparepartsandcomponentsoftelevisionsetswereconsiderablylowerinthatneighbouringdevelopingcountrythaninChina,itdecidedtosetupafactoryinthatcountrytoproducethesesparepartsandcomponentsandmeettheneedsofdomesticproduction.
3.Topreventthetradebarriersofsomedevelopedcountriesfromhinderingtheexportofitsproductstothemandexpanditsexports,theChineseclothingproducerdecidedtoinvestinthosecountriesandsetupfactoriesandproduceclothingthere.
4.Indevelopingtheiroverseasinvestmentandoperatingstrategy,Chinesemultinationalcorporationsshouldnotfocusonlyonprofitsandotherimmediateinterestbutshouldtakeintoaccounttheirlong-terminterestsandstrategicgoals.
5.Chinesemultinationalcorporationsshouldmakegreateffortstocreateandidentifytheirstrongbrandsandbecomeinvolvedininternationalcompetitioninordertoincreasesalesandstriveforalargermarketshare.
21
I.1.Expandexportstopayfortheincreasingimportsofforeignproducts
2.Searchformarketopportunitiesandanalyzedemandinforeignmarkets
3.Applymarketingtechniquestotapforeignmarketopportunities
4.Providethefirmwithstrategicoptionstoexploitmarketopportunities
5.Estimatethepotentialsalesforagivenproduct
6.Involveanunderstandingofbothmacro-and-micromarketing
7.Theinformationwhichisnecessarytodevelopanadequatestrategyfortheparticularmarket
8.Mustcomplywithdomesticexportregulationsandwithregulationsimposedbytheimportingcountry
9.Documentationrequirementsforexportingandimportingmustbebeforethegoodsarriveattheirpointofdestination
10.Itisnecessarytounderstandtheenvironmentalfactorsthataffectexportactivities
11.Carefullyidentifyandunderstandforeigncustomers'needsandwants
12.Undertakemoreeffectivemarketingincoordinationwithvariousmarketingactivities
13.Imposeveryrestrictivepaymenttermsontheforeignbuyer
14.Astableexportactivitythatcancontributetothefirm'sgrowth
II.1.Onlythoseenterprisesthatcancorrectlyestimateandevaluatethevariationsandeffectsofforeignmarkets'uncontrollablefactorsandcanalsotimelyadjusttheirinternationalmarketingstrategiesareabletoattainthebesteffectivenessoftheirbusinessoperations.
2.Ifanenterprisewishestoenhancetheappealandreputationofitsproductininternationalmarkets,itmustconductaseriesofmarketinvestigations,decision-makingandactionsbeforeandaftertheentryofitsproductintothemarketplace.
3.Beforeenteringtheinternationalmarket,anenterprisemustacquaintitselfwiththepolitical,legal,economicandculturalenvironmentsofitstargetmarketsoastoavoidrisks,seizeopportunitiesandachieveitsoperatinggoal.
4.Asuccessfulexportfirmmustbeablenotonlytooffertoforeignmarketshigh-qualityandcheapproductsandsatisfactoryafter-saleservice,butalsotoobtaininformationfromcustomersandthemarketsatanytimeinordertodevelopandadjustitsbusinessstrategy.
5.SincethefinancialcrisisofSoutheastAsiancountrieshadgivenrisetodifficultiesintheexportbusinessofmanyfirmsatthattime,theytookstepstoadjusttheirmarketingstrategiesinanefforttoreversetheirsituation.
RevisionExercises(LL.15-21)
I.1.against2.without3.by4.at5.to6.to7.from8.in9.from10.to11.as12.in13.to14.from15.in16.By
II.I.withdrawal2.drawout3.neednot4.ensuring5.merely6.maintain7.aswellas8.identifying9.ledto10.respondedto11.isaccompaniedby12plaints13.groundless14.varying15.intendedto16.calledfor
III.1.wasintendedtostimulateU.S.economicrecovery
2.resultingfromtheseriousshortageofconsumergoodsandinflation
3.inadditiontomeetingwiththeU.S.commercesecretaryandthetreasurysecretary
4.AtthattimepeopleinU.S.political,businessandacademiccircleswidelysupportedChina'saccessiontotheWorldTradeOrganization.
5.MostU.S.congressmenattachedgreatimportancetothetalkgivenbytheSecretaryofStatetotheCNNreporter
7.whichwouldseriouslyhinderthatcountry'seconomicgrowthandtheimprovementandstabilityofthepeople'livelihood
8.consumers'actualdemandforconsumergoodswouldalwaysbetakenintoaccount
9.cannotbematchedbyanyotherbrandsinquality
10.hasmadeanoutstandingcontributiontothetrainingofseniormanagerialpersonnel
11.thereisnodoubtthattheseenterpriseswillachievearapiddevelopment
12.theworld'smajorautomanufacturersareoptimisticaboutincreasingautoexportstothatcountry
13.theChinesegovernmentwouldtakeintofullaccounttheforeigninvestors'legitima
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