Mediators Have Binding Legal Authority to Require the Parties to Settle

question 27

True/False

Mediators have binding legal authority to require the parties to settle an interest dispute, but they often first restrict themselves to offering advice to help each party clarify their own priorities and assessment of costs or risks associated with failing to reach a voluntary agreement.

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Definitions:

Cross-selling

The practice of selling additional products or services to existing customers to enhance their value to the company.

Bundling

The practice of selling multiple products or services together as a single combined package, often at a discount compared to purchasing each one separately.

Downselling

Downselling involves offering a lower-priced alternative to a product or service a customer is considering, aiming to make a sale when the original item is beyond the customer's budget.

Upselling

A sales technique where a seller invites the customer to purchase more expensive items, upgrades, or other add-ons in an attempt to make a more profitable sale.