Examlex
Social exchange theory focuses on:
Contract Zone
The range within which parties can find common ground in negotiations, particularly in the context of collective bargaining or business agreements.
BATNA
Optimal Alternative to a Negotiated Agreement; the best possible course of action that a party can pursue if negotiations break down and no agreement is achieved.
Modified Integrative Bargaining
A negotiation strategy that seeks collaborative solutions, blending competitive and cooperative approaches.
Distributive Bargaining
A negotiation strategy that views the resources as fixed and aims to divide them between parties, often resulting in a win-lose situation.
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