Final answer:
The rebranding of Federal Express to FedEx and its expansion into China had a significant impact on the company's growth and success.
Step-by-step explanation:
The rebranding of Federal Express to FedEx and its expansion into China had a significant impact on the company's growth and success.
Firstly, the rebranding to FedEx helped the company establish a stronger global presence and recognition. The new name was catchier and more memorable, making it easier for customers to identify and trust the brand.
Secondly, expanding into China allowed FedEx to tap into one of the world's largest consumer markets. China's rapid economic growth, increasing disposable income, and growing middle class created a huge demand for logistics services. By entering this market, FedEx was able to increase its customer base and revenue significantly.