You Are Planning to Negotiate a Sales Contract with a Potential

question 45

Multiple Choice

You are planning to negotiate a sales contract with a potential client.This is a new client and you are very keen on acquiring this account.Which of the following modes of communication should you select?

• A) computer messaging
• B) telephonic conversation
• C) videoconferencing
• D) face-to-face communication

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Definitions:

Dominate Choices

refers to decisions or options that prevail over others in a given situation, often considered superior in achieving desired outcomes.

Major Firm

A significant company in its industry, often characterized by large revenue, extensive operations, and considerable market influence.

Oligopoly

An oligopoly is a market structure dominated by a small number of large firms, leading to limited competition, where the actions of one firm significantly impact the others.

Interdependent Firms

Companies whose outcomes are mutually affected by each other's decisions, often observed in oligopolistic markets.