Guanxi Is an Important Mechanism for Building Long-Term Business Relationships

question 54

True/False

Guanxi is an important mechanism for building long-term business relationships and getting business done in China.

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Definitions:

Honesty

The quality of being truthful, transparent, and free from deceit in one's actions and communications.

Individualism View

Considers ethical behaviour as that which advances long-term self-interests.

Organisational Enrichment

The process of improving an organization's effectiveness, health, and capacity for growth by developing its resources and capabilities.

Pushing The Law

Attempting to exploit or stretch the limitations of legal boundaries to achieve a desired outcome or advantage.