Question:
Successful business relationships tend to:
| A. |
Combine relational contracts – to build trust in the long term – with transactional contracts to cover specific situations |
B. |
Depend upon tightly written legal contracts that take account of every potential problem or issue |
C. |
Rely upon firms being able to trust their employees and partners |
D. |
Be treated as finite games that both partners know will end sooner or later |
Answer» a. Combine relational contracts – to build trust in the long term – with transactional contracts to cover specific situations |
Note: |
The above multiple-choice question is for all general and Competitive Exams in India. |