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    Price as the Crucial Factor in Negotiation with China

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    Please help answer the following questions.

    Price is the crucial factor in negotiation with China. Do you think this is mainly due to the level of economic development in the country? Would the same be true in other countries with similar levels of economic development?

    © BrainMass Inc. brainmass.com October 10, 2019, 2:17 am ad1c9bdddf
    https://brainmass.com/business/business-culture-in-china/price-crucial-factor-negotiation-china-370856

    Solution Preview

    Problem: Do you think this is mainly due to the level of economic development in the country? Would the same be true in other countries with similar levels of economic development?

    Solution:
    In China, price is a crucial factor in negotiation due to their agrarian value turned business values. It serves to note that almost two-thirds of the Chinese population still live within the rural areas, agriculture in wheat and rice being their primary source of labor. Negotiating builds trust amongst the Chinese, ...

    Solution Summary

    This solution helps with price as a crucial factor in negotiation with China. It discusses whether this is mainly due to the level of economic development and whether it would be true in other countries with similar levels of economic development. The explanation is given in 272 words with two references.

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