Examlex
Some customers are known for their expertise and involvement in a category and are willing to share information and give advice, making them likely to generate word of mouth.These people are knows as market
Mutually Acceptable Agreement
An agreement reached through negotiation or mediation that is satisfactory to all parties involved.
Stages
Refers to the various phases or steps involved in a process or development.
Conventional Arbitration
A dispute resolution technique where an impartial third party listens to both sides and makes a binding decision, commonly used in labor disputes.
Final Offer Arbitration
A conflict resolution process where each party to a dispute makes a final offer, and an arbitrator chooses one of these offers as the resolution, without modification.
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