The Process of Negotiating an Agreement in China Can Take

question 46

Multiple Choice

The process of negotiating an agreement in China can take a long time because ________ Chinese businesspeople.

• A)relationships are very important to
• B)unsolicited sales proposals are not entertained by
• C)financial advantage and profit are not important to
• D)oral commitments are not recognized by
• E)written agreements are never used by

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Definitions:

Acquisition

The process by which one company takes over the control of another company, either through the purchase of its shares or assets.

Sports Arena

A large, specially equipped indoor or outdoor venue designed for hosting sports events and other large-scale entertainment or gatherings.

All Cash Basis

Financial transactions or business operations where payments and receipts are made in and accounted for with cash.

Acquisitions

The process of obtaining control of another company, either through direct purchase or by acquiring a majority of its stock.