The First Stage in the Negotiation Process Is

question 131

Multiple Choice

The first stage in the negotiation process is:

• A)preparation
• B)exchanging information
• C)bargaining
• D)reconciling
• E)closing and commitment

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Definitions:

Sales Price

The selling price set for a service or product aimed at consumers.

Contingent Liabilities

Potential liabilities that may occur depending on the outcome of a future event or set of circumstances.

Damage Awards

Monetary compensation determined and ordered by a court for losses or injuries suffered as a result of unlawful actions or negligence by another party.

EPA Fine

A penalty imposed by the Environmental Protection Agency for violations of environmental laws or regulations.