What Is the Result of Procedural Complexity in Multiparty Negotiations

question 31

Multiple Choice

What is the result of procedural complexity in multiparty negotiations?

• A) The fewer the number of parties,the more complex the decision making process becomes.
• B) The increased number of negotiators will streamline the decision making process.
• C) Negotiators can ignore the problem of multiple related issues.
• D) Negotiators will probably have to devote discussion time to how they will manage the process to arrive at the type of solution or agreement they want.
• E) All of the above are the result of procedural complexity in multiparty negotiations.

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Definitions:

Marketplace

A platform or an environment where buyers and sellers interact to trade goods, services, or information, either physically or online.

High Cost Reductions

Strategic initiatives or measures taken to significantly lower expenses in order to improve profitability or financial performance.

Low Local Responsiveness

Refers to a company's minimal level of adaptation of its products and services to various local markets due to cost, efficiency, or uniform branding strategies.

International Strategy

A strategy in which global markets are penetrated using exports and licences.