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Define Negotiation and Discuss the Two Types of Negotiation in Detail

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Essay

Define negotiation and discuss the two types of negotiation in detail, using examples.


Definitions:

Cash Collected

The total amount of cash received by a company during a specific period.

Sales Collection

The process of receiving payment from customers for goods or services sold, improving cash flow and liquidity.

Operating Expenses

Regular expenses associated with the operation of a business, such as rent, utilities, and payroll, not directly tied to production.

Cost of Sales

The immediate expenses related to the manufacturing of products sold by a business, encompassing costs for materials and labor.

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