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The Quilt Shop,Inc.periodically reviews the goals of the company.During the process,the Quilt Shop managers analyze their current strategies as compared to their competitors,determine goals that they will pursue and decide upon specific actions for each area of the company to take in pursuit of these goals.With these actions the Quilt Shop managers are engaged in the management function of
Negotiate
The process of discussing something with someone in order to reach a mutual agreement.
Contract
A legally binding agreement between two or more parties, outlining terms and conditions of a specific arrangement or service.
Election
A formal group decision-making process by which individuals choose candidates to fill positions in government or other organizations through a vote.
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