Negotiations between buyers and suppliers from different parts of the world are difficult due to

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Cultural differences can significantly impact negotiations between buyers and suppliers from different parts of the world. Different cultures have their own business practices, social norms, and communication styles. These differences can lead to misunderstandings, conflicts, and failures to reach agreements in negotiations. As such, it is important to understand and navigate these differences to ensure successful negotiations. While exchange rates, GDP, and political pressure may also play a role, cultural differences are typically the most significant factor in global negotiations.

Negotiations Between Buyers and Suppliers from Different Parts of the World