Step 1 of Triangle Talk Is _____

question 59

Multiple Choice

Step 1 of Triangle Talk is _____.

• A)know exactly what they want
• B)propose action in a way they can accept
• C)know exactly what you want
• D)apply tactics to win the negotiation
• E)None of these answers.

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Definitions:

Cash Cycle

The period between the outlay of cash for the purchase of raw materials and the collection of cash from the sale of products, measuring how efficiently a company manages its working capital.

Inventory Period

The average time it takes for a company to turn its inventory into sales.

Accounts Receivable Period

Also known as days sales outstanding (DSO), it measures the average number of days it takes for a company to collect payment after a sale has been made.

Operating Cycle

The period of time it takes for a business to purchase inventory, sell products or services, and collect cash from these sales.