Your question:

1A. If personal income is the currently the same in two countries "Country Alpha" and "Country Beta," but Country Alpha has a faster annual growth rate in personal incomes, which country will have a higher income in the future?

1B. What is one reason to Expand to China?

Assignment Help Answers with Step-by-Step Explanation:

1B. One reason to expand to China is its enormous consumer market. China has a population of over 1.4 billion people, making it one of the largest consumer markets in the world. Expanding to China can offer access to a vast customer base and significant revenue potential.

1C. One reason to expand to India is its emerging middle class. India has a rapidly growing middle-class population with increasing purchasing power. This presents an opportunity for businesses to tap into a rising consumer market and potentially achieve long-term growth and profitability.

While India also presents growth opportunities, the sheer size and rapid development of China's urban areas make it a more attractive market for upscale dining establishments. However, it's essential to conduct detailed market research and consider other factors such as competition, regulatory environment, and cultural preferences before making a final decision.