You Are in the Process of Negotiating a Sales Contract

question 14

Multiple Choice

You are in the process of negotiating a sales contract with a new client.The product you are selling is high-quality and has received excellent reviews from customers.You have a strong bargaining position in this negotiation.In such a situation,which of the following will be the ideal mode of communication for negotiating the contract with the new client in order to receive the maximum benefit?

• A) e-mail
• B) instant messaging
• C) telephone
• D) face-to-face

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Definitions:

Capitalist Economy

An economic system where private individuals and business owners control the production, distribution, and exchange of goods and services, typically driven by profit motives.

Central Planning

An economic system where all major production, investment, and allocation decisions are made by the government or a central authority.

Government Ownership

The situation in which assets, enterprises, or industries are owned and operated by the government rather than private individuals or companies.

Mean of Production

Likely a typographic error intended to refer to "Means of Production," which are the resources (such as land, labor, and capital) used to produce goods and services.