When Two People Agree to a Price in a Negotiation

question 93

Multiple Choice

When two people agree to a price in a negotiation, we can assume that:

• A)each one will receive equal benefits from the transaction.
• B)the seller will receive more benefit from the transaction than the buyer.
• C)only one of the parties will benefit, but there is not enough information to determine which one it will be.
• D)both parties will benefit.

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Definitions:

Day-To-Day

Pertaining to the routine or regular activities that occur in daily life.

Major Orientations

Predominant directions, inclinations, or approaches within a particular field or general context, guiding attitudes, actions, and strategies.

Classification System

A method of organizing or categorizing things based on shared qualities or characteristics, used in a variety of fields such as biology, library science, and information management.

Developed

Developed denotes a state of advanced progress, particularly in terms of economic growth, industrialization, and living standards, often used in contrast with "developing" countries.