A U.S. firm is analyzing its business prospects in China. Marketing executives understand what to be true of this potential market?

A) China's leadership, which maintains communist political ideals, has rejected market-oriented economic development.
B) Recent developments in China have led to dramatically decreased living standards and levels of personal freedom.
C) China maintains a thriving retail market, despite the slowing growth of its gross domestic product.
D) China's economy has recently seen a substantial decrease in its Global Retail Development Index (GRDI) .
E) China's population has been aging due to its one-child policy but this is not expected to have a significant impact on its economy.

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Randy Paredes · Accepted Answer

Final Answer : C, Explanation :  Despite a slowing GDP growth, China still has a thriving retail market that offers significant business opportunities for U.S. firms. Options A and B are false, as China has embraced market-oriented economic development in recent years and has also made significant strides in improving living standards and personal freedom. Option D is also false, as China's GRDI has been steadily increasing. Option E is partially true, as China's aging population may have some impact on its economy, but this is not the main factor affecting its business prospects.

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