One of the most important factors in forming a successful venture in China is guanxi,which means ________.

Question

Quizplus · Accepted Answer

Guanxi refers to the importance of personal relationships and networks for business success in China. It involves building and maintaining connections with individuals who can help to facilitate business deals and provide access to resources and information. While bribery may sometimes occur in Chinese business culture, it is not a defining characteristic of guanxi. Manufacturing inexpensive products and adhering to Confucianism may be relevant factors in some contexts, but they are not directly related to the concept of guanxi.

One of the Most Important Factors in Forming a Successful