Which of the Following Is the Primary Reason for Ineffective

question 94

Multiple Choice

Which of the following is the primary reason for ineffective cross-cultural business negotiations?

• A) insufficient knowledge about native bargaining rituals
• B) highly restrictive government legislation
• C) poorly planned business strategies
• D) language differences

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Definitions:

Rival Good

A rival good is a type of product or resource that cannot be consumed by multiple individuals at the same time without diminishing its availability to others.

Rival Good

A type of good that cannot be consumed by more than one person at the same time, because its consumption by one person reduces its availability for others.

Marginal External Cost

The additional cost to society that arises from one more unit of a good being produced, not considered by the producer.

Optimal Fee

The best possible charge for a service or product that maximizes profit without discouraging consumers from buying.