Which of the following statements is true about the business scenario in the Middle East?
A) Business decisions are usually made by correspondence.
B) Well-connected businesspeople generally progress faster.
C) Business in the Middle East is driven by the price of gold.
D) Arab businessmen are known for never entertaining any sort of haggling.

Question

Quizplus · Accepted Answer

Business relationships in the Middle East are built on personal connections and social networks. Well-connected businessmen generally progress faster because of this. Business decisions are usually made through face-to-face meetings rather than correspondence. The price of gold may be a factor in some business transactions, but it is not a primary driving force. Haggling is a common practice in Middle Eastern business culture.

Which of the Following Statements Is True About the Business