MetLife, the insurance company, opened a liaison office in Shanghai and Beijing while it was waiting for permission from the Chinese government to start operations.This is an example of dealing with_____ in markets.

Question

Quizplus · Accepted Answer

MetLife's decision to open liaison offices in Shanghai and Beijing while awaiting permission from the Chinese government to start operations is an example of dealing with government risk. This shows the company's strategy to navigate regulatory approvals and establish a presence in a new market despite the uncertainties and challenges posed by government regulations.

MetLife, the Insurance Company, Opened a Liaison Office in Shanghai