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What Steps Would You Take to Prepare for a Business

question 143

Essay

What steps would you take to prepare for a business negotiation with another culture? How would your strategy differ if the negotiation was to be held in your own country?


Definitions:

Comparative Advantage

The ability of a country or firm to produce a particular good or service at a lower opportunity cost than its trading partners, forming the basis of international trade.

Exporting Nation

A country that sells goods and services to other countries, resulting in a net inflow of funds from international trade.

Product Price

The amount of money required to purchase a particular good or service.

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