Question

When doing business in _____, it is important to understand that potential customers want to develop a personal relationship before doing business with foreign executives. Dinner exchanges and lunch meetings provide a good time for executives to get to know one another better. Dinners most often occur in the late evening, at 9 or 10pm.

Answer 1

Answer: Latin america

Explanation: The following case relates to international management activities. The business and management styles of the organisations changes with the change in the culture of the country in which the business is to be done.

In Latin america, the word of mouth is considered to be more important than the paper contracts. The firms around the coutry wants to ensure that the other party is reliable. The dinner is the country usually happens late in 9AM  and discussions is don on the dinner.

Hence from the above we can conclude that the correct answer is latin america.