in order to compete in a global economy, companies have to handle social changes, political changes, and cultural differences. suppose that you want to open a new franchise in russia. which of the following actions would be most beneficial to you when handling russia’s political system that is similar to guanxi? check all that apply.

In order to compete in a global economy, companies have to handle social changes, political changes, and cultural differences. option C. Negotiate slow, general agreements.

An economic system is a machine of interrelated manufacturing and consumption activities that in the end determine the allocation of assets inside a set. The production and consumption of products and offerings as a whole satisfy the desires of those living and working inside it.

Guanxi is traditionally a term used in China to point to a system that runs personal connections and a network of favors. Demand that the franchise be operated according to U.S standards is obviously wrong

Disclaimer:- your question is incomplete, please see below for the complete question.

a. Open multiple franchises at once.

b. Demand that the franchise be operated according to U.S. standards.

c. Negotiate slow, general agreements.

d. Establish a joint venture with the Russian government.

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