What Is the Term for the Bargaining Between Buyers and Sellers

question 162

Multiple Choice

What is the term for the bargaining between buyers and sellers on product specifications,delivery dates,payment terms,and other pricing matters,and is commonplace in business marketing?

• A)negotiation
• B)need mediation
• C)customerization
• D)purchase arbitration

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Definitions:

Counter Suggestion

A strategy employed to offer an alternative proposal or idea, typically in response to an objection or request during a sales negotiation.

Payroll Software System

A digital solution designed to manage and automate the payroll process for organizations, ensuring accurate and timely employee payments.

Indirect Suggestion

A method of influence that implies or hints at a recommended action or decision without stating it outright, often used in persuasive communication.

Empathy Suggestion

A method used to build rapport or understanding by verbalizing an understanding of another's feelings or perspectives.