According to the Chapter 7 Strategic Focus,China's recent approach to acquisitions has been to focus on hard assets (e.g.,mineral deposits or R&D facilities)instead of established branded products because
A)China's initial acquisition activities in branded products was highly successful and it wanted to apply those successful techniques to hard assets that would create more value for Chinese firms.
B)hard assets around the world had appreciated rapidly and China wanted to take advantage of that appreciation.
C)China's currency had depreciated relative to currencies in developed countries making acquisition of hard assets in those countries cheaper.
D)it did not always have the managerial capability to realize successful performance of branded products.

Question

Quizplus · Accepted Answer

China may have faced challenges in managing and integrating acquired branded products due to differences in business culture and practices. Focusing on hard assets that are less dependent on management expertise and have tangible value may be a more effective strategy for Chinese firms.

According to the Chapter 7 Strategic Focus,China's Recent Approach to Acquisitions