The Purpose of Meetings and Banquets with Potential Business Partners

question 54

Multiple Choice

The purpose of meetings and banquets with potential business partners in China is to:

• A) understand high-context and low-context cultures.
• B) negotiate the tension between cultures.
• C) build up good business relationships and trust.
• D) examine the business and collect business cards.

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Definitions:

Concept

An abstract idea or a general notion that exists in the mind as a result of mental understanding, awareness, or activity.

New-To-The-Market Products

Inventions that have never before been seen and create a new market.

Repositioned Products

Products that have been marketed or modified to appeal to new demographics or market segments.

New-Category Entries

The introduction of products or services into previously unexplored or untapped market categories.