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Due to Its Size with Over 475 Billion USD in Sales

question 106

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Due to its size with over 475 billion USD in sales in 2014, Walmart has enormous bargaining power over its suppliers.


Definitions:

Interdependent Parties

Entities or individuals that are mutually reliant on each other, often for resources or outcomes.

Interlocking Goals

Goals in a negotiation or relationship that are interconnected, such that achieving one party's goals can support or enhance the achievement of the other's.

Distributive Bargaining

A negotiation strategy focused on dividing a fixed amount of resources, often resulting in a win-lose situation.

Integrative Negotiation

Integrative negotiation is a cooperative approach where parties aim to find solutions that satisfy the interests of all involved, focusing on mutual gain rather than competition.

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