Traditional Chinese businesspeople tend to build trust networks typically based on familial lines,making it difficult for outsiders to enter into these networks.What term best describes this type of relationship culture?

Question

Quizplus · Accepted Answer

This type of relationship culture is referred to as a Guanxi network, which is a Chinese term that denotes the connections and relationships that are based on mutual trust and reciprocity. Guanxi networks are predominantly built on familial and personal relationships, which makes it difficult for outsiders to enter into these networks, thereby limiting access to business opportunities and resources.

Traditional Chinese Businesspeople Tend to Build Trust Networks Typically Based