Examlex
Which one of the following is most commonly used in international trades?
Mutual Adjustment
A process in which parties involved continuously adapt and modify their behavior and strategies in response to the actions and decisions of others.
Negotiation Process
A systematic approach involving stages or steps to reach a mutually acceptable agreement between parties with differing interests.
Time Preferences
The degree to which individuals value present benefits over future gains or rewards.
Interdependency
A mutual reliance between two or more groups, systems, or entities where each affects or depends on the other.
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