Examlex
Write the word or phrase that best completes each statement or answers the question.
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Minimum Reservation Point
is the lowest or least favorable outcome one is willing to accept in a negotiation or deal.
Maximum Reservation Point
The highest price a consumer is willing to pay for a good or service, beyond which they will choose not to purchase it.
Reservation Point
The least favorable point at which one will accept a deal during negotiations, beyond which they will walk away.
Bargaining Zone
A range within which an agreement is satisfactory to both parties involved in a negotiation process.
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