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Formality
Formality refers to the adherence to established rules, conventions, or ceremony, often characterized by a serious or ritualistic approach to interactions or processes.
Negotiating Parties
The individuals, groups, or organizations involved in the negotiation process, each with their own interests and goals.
Relative Power
The measure of influence or control one party has in relation to another within a specific context or situation.
Management Control
Management control involves the processes and strategies used by organizational leaders to direct resources and guide the organization towards its objectives.
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