The major problems when doing business in China are the language barrier, business practices, and a fluid and diverse legal system. A well-specified _______________ is a basic requirement when buying from China.
A) procurement strategy
B) game plan
C) policy and specification statement
D) competitive strategy
E) operational plan

Question

Quizplus · Accepted Answer

A procurement strategy is essential when buying from China as it involves the process of obtaining goods and services from suppliers. This includes identifying suppliers, negotiating terms, and ensuring quality control. Without a well-specified procurement strategy, businesses may struggle to navigate the language barrier, unfamiliar business practices, and complex legal system present in China, which can impact the success of their operations. A game plan, policy and specification statement, competitive strategy, or operational plan may be helpful in other aspects of business, but they do not address the specific challenges of buying from China.

The Major Problems When Doing Business in China Are the Language