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What Principle Is Best to Keep in Mind When Making

question 13

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What principle is best to keep in mind when making an opening offer in a negotiation?


Definitions:

Cultural Similarities

The shared beliefs, values, customs, and behaviors that exist within groups of people from the same cultural background or heritage.

Transnational Firms

Businesses that function internationally, handling production or providing services in multiple countries.

Cultural Differences

The variety in practices, norms, and social behaviors that exist among various cultures, affecting communication, management, and interpersonal relations.

Multinational Firm

A company that operates in multiple countries, managing production or delivering services in more than one country outside of its home country.

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