Examlex
You have been watching a stock that has dramatically increased in price for the last several days.Today it closed at $50 per share.You want to purchase this stock in the morning using your online brokerage account.You are willing to pay up to $53 a share but no higher.What type of purchase order should you use?
Bargaining Zone
The range within which an agreement is reachable during negotiations, bounded by the minimum and maximum limits of both parties.
Agreement
A mutual understanding or arrangement between two or more parties, often formalized in a contract or verbal commitment.
No Deal
A situation where negotiation or discussion does not result in an agreement or outcome.
Negotiation Gap
The difference between the initial positions or demands of negotiating parties, which needs to be bridged to reach an agreement.
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