Chinese Essay Example | Topics and Well Written Essays - 250 words

Chinese - Essay Example She was excellent archer who practiced archery frequently. Her husband was a military commander. During his reign, rebels from Bozhou attacked the government forces. She offered help to her husband and defeated the rebels. Later after the death of her husband, she assumed his rank and responsibility. Her juniors described her as refined and elegant commander who had a towering presence among her troops. She is the China’s greatest woman poet. Her poems exist only in fragments. However, they continue to be regarded as the best just like the old days. She was born in a literary family and started her work when she was a teenager. During her life, she produced seven volumes of essay and six volumes of essays. However, due to bad storage, only the fragments of this work exist today. Her work is well appreciated due to the sticking diction and integration of personal experiences. The poems reflect her dramatic lifetime after the death of her

Economics of Multinational Enterprise Assignment

Economics of Multinational Enterprise - Assignment Example One of the ways of addressing the risks is by use of operational hedging. This entails introducing a significant degree of flexible in the main operations of a firm. These include the supply chain, channels of distribution, financial positions, and marketing activities (Aghion et al 35). The objective of this strategy is to create adaptable operations that can rapidly respond to any change in the currency movement. This ensures that the fluctuations that may affect the revenues and the costs are offset. Firms can increase their profits by hedging by adopting various strategies. First, they can source materials thus lowering the costs of transportation resulting in increased profits. Another imperative way that the MNEs can adopt is the use of currency invoicing. This implies that the firm can choose a particular denomination that ensures the firm's prices, as well as those of the competitors, are affected by the exchange rate in the same way. This implies that for any firm to retain a competitive position in the market and attain sustainable profits, it can price its products using a volatile currency as long as the competitors use the same price. According to Grassman’s Law, MNEs should use a vehicle currency by considering their stability, low transaction cost, and liquidity. Based on the three aspects, the US dollar has been used as a vehicle currency for a long time by most of Multinational Enterprises. In their efforts to enter the emerging economies, the majority of MNEs undergo challenges that are associated with the legal process, legislative issues as well as technological factors. As a result, the investment flows from the rich countries to the poor countries are adversely affected. However, by initiating strategic economic policies, the investment flows can have similar effects to those of the free trade. One of the strategies that the host countries should emulate is to ensure that the home currency does not depreciate.