Examlex
Trade allows a person to obtain goods at prices that are less than that person's opportunity cost because each person concentrates on the activity for which he or she has the lower opportunity cost.
Surface Bargaining
A form of labor negotiation where parties go through the motions of bargaining without any real intention to reach agreement, often to fulfill legal obligations.
Direct Dealing
The practice of employers interacting directly with employees about employment terms without the intervention of a labor union.
Forcing Tactics
Strategies used in negotiations that involve pushing one’s position assertively without much regard for the other side, aiming to win rather than find mutual agreement.
Take It or Leave It
A term commonly used in negotiations where one party presents a final offer to the other party, who must either accept it without changes or reject it entirely.
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