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Why are negotiation skills an important criterion of a successful project manager?
Secret Price Concessions
Secret price concessions involve undisclosed discounts or benefits offered by a seller to a buyer, often to secure a deal or foster loyalty without publicly affecting the listed price.
Business-Cycle Stability
The condition of an economy experiencing minimal fluctuations in growth, unemployment, and inflation, resulting in a stable economic environment.
Participating Firms
Companies that engage in a particular market or economic activity, contributing to the production, distribution, or provision of goods and services.
Prisoner's Dilemma
A fundamental problem in game theory that demonstrates why two rational individuals might not cooperate, even if it appears that it is in their best interest to do so.
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