LCBB6001 Week6 Quiz: Negotiation and Decision Making

What is the role of negotiation in implementing a firm's strategy?

• To increase sales

• To consider various stakeholders

• To reduce costs

• To improve marketing

What should one learn about to prepare for cross-cultural business negotiations?

• Marketing strategies

• Stages of the negotiation process

• Financial planning

• Product development

What is required to manage negotiation internationally?

• Understanding cultural differences

• Learning new languages

• Adopting new technologies

• Increasing production

What is essential for building trust in successful negotiations?

• Financial incentives

• Understanding cultural behavior

• Legal agreements

• Marketing strategies

Which country has made Facebook entirely inaccessible to maintain strict censorship?

• Iran

• North Korea

• Russia

• Vietnam

What is a reason for Facebook's temporary block in Turkey?

• Economic crisis

• Political protests

• Natural disasters

• Technological advancements

Data privacy and sovereignty concerns lead to Facebook restrictions to:

• Prevent foreign influence

• Promote domestic alternatives

• Encourage protests

• Support cultural values

What might negotiations involve after Brexit?

• Trade negotiations between UK and EU

• Environmental policies

• Cultural exchange programs

• Educational reforms

What might be a focus of negotiations related to mergers?

• Office snacks

• Strategic purposes

• Employee uniforms

• Social media content

What is important for global managers to understand during negotiations?

• Legal and cultural differences

• Financial statements

• Technological advancements

• Marketing strategies