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Total $35 dollars (not a free request)...note to tutor, having problems w/PC currently.3 pages to incl references...Long-term investment projects require a thorough understanding of all attributes of doing business in that country, including import/export restrictions, labor relations, supplier financing, tax rules, depreciation schedules, currency properties and restrictions, and sources of short-term and long-term debt, to name a few. China is currently the focus of investment and market penetration strategies of multinational firms worldwide including Acme. Your supervisor has asked you to gather information on some of these factors that your company or any MNE would want to consider when doing business in China. (This is the primary focus of this assignment.) As you begin your research, you realize your company would make a significant profit from doing business in China. You also discover that policies on employee welfare, labor relations, etc. are the antithesis of what your CEO firmly believes. Do you include this information in your report, or just provide the strategic information you were asked to gather? (Please respond to this ethics question in a paragraph or two).Use the Library and other Internet sources (you might start with the web sites listed here), to collect the information. Extract from Guide to Doing Business in China China Business Etiquette Next Question:5 Paragraphs long, incl referencesThe Acme Company is exploring many strategic options. Whichever global business strategy the Acme Company eventually chooses, the firm inevitably will require the services of a bank to help manage its working capital. Many major multinational banks provide a variety of working capital and multinational cash management services.Here is a list of Acme's assumptions:It will have subsidiaries in South America and Asia that import materials and parts and assemble for export. It wants to centralize cash management. It needs local lending sources for operating cash. It needs short-term investment vehicles for excess cash balances. It needs foreign exchange and forward market services. It will have bills to pay in both local and other currencies. Using the websites of a variety of these cross-border banks (starting with the banks listed below), search out the international banks that offer multinational cash management services that combine banking with foreign exchange management. Select one bank and describe how the services it offers will take care of Acme's international working capital management requirements. Be sure to demonstrate why you believe your choice is the best alternative among the banks you investigated (i.e., compare and contrast).Bank of America HSBC Citibank
