Which of the Following Statements Is True About Negotiations

question 74

Multiple Choice

Which of the following statements is true about negotiations?

• A) Negotiations are also known as sales presentations.
• B) Negotiations exclude people who are not part of a selling firm's sales department.
• C) Formal negotiations can take place with anyone who is classified as a buyer or user.
• D) Negotiating is not an expensive endeavor as it hardly requires people to spend time.
• E) If a customer is large or important enough,almost anything can be negotiated.

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Definitions:

Income

The financial gain received by an individual or a business in exchange for providing a good or service or through investing capital.

Price

The amount of money required to purchase a good or service, determined by factors such as demand, supply, and production cost.

Law Of Demand

The claim that, other things being equal, the quantity demanded of a good falls when the price of the good rises

Price

The monetary value assigned to a product or service, determined by various factors including supply and demand, production cost, and market competition.