China Prize 2 Flashcards
Two strong horses
investment and international trade
Weak donkey
consumption
china plus one strategy
having operations in china as well as another country in the region
deflation
reduction of the general level of prices in an economy
What the real motivation for manufacturing abroad?
is to be closer to their customers
famous saying: killing the chicken to scare the monkey
to make an example out of someone as a way to warn others
CSC9000T
code of conduct or management system
to help chinese manufactures comply with the law
CSR
Corporate Social Responsability
When did the antisweatshop movement take place?
1990’s
SARS stand for
Severe Acute respitatory syndrome
USCBC
US China Business Council
what is the cause of no fair competition
illegal activities
toilet culture means
workers who destroy pieces of clothing they were working on to protest a manager’s unfair treatment now complain to their representatives
Kaiping was best know for two things
Fortified watchtowers and its criminals
SA8000
Social compliance standard
T or F: Factories that treat their workers well are more likely to be able to consistently generate high-quality goods?
TRUE
Strategic compliance means
build trusting relationships with factories (their suppliers)
Fair factories clearinghouse
is a database containing pooling audit results to prevent factories from presenting diff. info
amnesty program in china means
factories agree to confess their true working condition with out penalty along as they sign up to a series of incremental improvements
orange school
Walmart school for its supplier that are not meeting the walmart standards
Name one of the responsible that china cheats?
Multinational through their demand they place on factories
Company that has a very strict point on bribery?
Walt Mart
Two other reasons china cheats key surroundings?
Cash flow problems, local conditions (power outages)
How does china cope with the diff multinational expectations?
Falsification
Audit fatigue refers to
Factory managers tire of running around to satisfy different customers requirements while they could been running their business
One strategy Chinese manufacturers do to increase their profit?
gradually lowering the quality of materials used without telling their customers
What are the other consequence come with lying about the hours?
Lying about chemicals used etc
What are the color that Walmart uses for their system?
Green = pass or minor violations Yellow = medium risk violations Orage = high risk violations(failure the pay min wage) Red = most serious infraction (underage force)
FLA stands for
Fair Labor Association
Why are these codes important?
To protect brands and retailers from reputation damage
Which company was the first in the world to introduce a code of conduct for its suppliers?
Levi Strauss
Who put the city Shenzhen in the Map?
Deng Xiaoping
T or F: Places that have good working conditions have pretty tough requirements?
TRUE
Why discrimination among its chinese citizens?
city’s population growth will be better controlled and the overall quality of its residents improved
For chinese what is mean eating out of share dishes?
Both physical and emotional nourishment
What is consider the carpet of a wealthier person
Golf course
Shenzhen speed refers to?
Building go up at the pace of one story every three days
Chinese New Year
Goes from January to February
Princelings refers to?
Sons and daughters of senior comunis party officials