Why Is Gift Exchange in Business Relationships More Common in High-Context

question 12

Essay

Why is gift exchange in business relationships more common in high-context, power-respecting cultures than in low-context, power-tolerant cultures?

---

Definitions:

Minimum Wage

The lowest legal hourly pay rate that employers can pay their workers, which is set by government law.

Price of Soybeans

The current market value at which soybeans can be bought or sold.

Normative Statement

Assertions or opinions that express what ought to be, involving value judgments and cannot be tested or verified.

Positive Statement

An objective statement based on factual information that can be tested and validated, often used in economics to describe what is happening without judgment of desirability.