There Are Generally Five Major Stages in International Negotiations

question 34

Multiple Choice

There are generally five major stages in international negotiations. After pre-negotiation, the other four stages are:

• A) opening, bargaining, convergence and post-negotiation.
• B) initial assessment, opening, agreement and implementation.
• C) opening, bargaining, agreement and post-negotiation.
• D) opening, technical evaluation, agreement and implementation.
• E) research, opening, agreement and implementation.

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Definitions:

Economic Order Quantity

A formula used to determine the most cost-effective quantity of inventory to order, balancing the costs of ordering and holding stock.

Optimal Order Quantity

The most efficient amount of stock to order that minimizes total inventory costs, including ordering and holding costs.

Ordering Costs

Expenses associated with making an order for goods, including costs for processing, shipping, and receiving materials.

Lot Size

The number of units of a product that are manufactured or delivered in one batch, affecting inventory and production strategies.