In China, the practice of using guanxi is an integral part of doing business both to those firms already in the country and those working to get their firms into the country. Guanxi is built on reciprocity meaning:
A) You pay for another person's business debts to help them get back on their feet.
B) That certain parts of businesses must be registered first with the government.
C) Paying a bribe to an official is acceptable as part of the company's first obligation to enter the country.
D) If someone does a favor for you, you will be expected to return that favor in the future including access to partnerships, contracts and government officials.
E) Not paying a bribe and convincing a local company to illegally sell materials to them, since demanding bribes is unethical behavior.

Question

Quizplus · Accepted Answer

Guanxi is a concept in Chinese culture that emphasizes building networks or connections, where mutual obligations, assurances, and understanding are expected. It involves a reciprocal exchange of favors, which can include access to resources, information, or influence, including partnerships, contracts, and connections with government officials.

In China, the Practice of Using Guanxi Is an Integral