Having Mutually Agreed to the Negotiation Terms Put Forth by Each

question 53

Multiple Choice

Having mutually agreed to the negotiation terms put forth by each other,the negotiators of two firms cut a deal.However,there is always the risk associated with the willingness of the other party to honor its terms and live up to its contractual obligations.What risk is this known as?

• A) operational risk
• B) contractual risk
• C) financial risk
• D) company risk

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Definitions:

Highly Structured

Describes systems or processes that are organized in a clear, well-defined manner, often with strict rules or arrangements.

Memorized Sales Presentation

A sales presentation that is thoroughly learned by heart, allowing the salesperson to deliver it from memory with confidence and precision.

Little Talking

The practice of minimal verbal communication, focusing instead on brevity and directness in conversation or negotiation.

Benefits Unimportant

A perspective or situation where the advantages or positive outcomes of a product or service are undervalued or ignored by the customer or client.