cestmoi (US)
The answer is brand name! It is an intangible asset that has a monetary value in the ledger because it is immediately recognized by the global market for its quality e.g. Levi Jeans, Coca Cola, Omega, Porsche. It takes time to build a brand name and it will cost more to defend it. China is perceived to be a low-cost manufacturer of "knock offs", competing with cheap labor and cheap labor working on an assembly line is never a brand name for high quality product.
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A woman walks past the company logo of Baidu at its headquarters in Beijing in this Feb 10, 2010 file photo. [Photo/Agencies] |
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