One Way That Lower Power Parties Can Deal with the Big

question 15

Multiple Choice

One way that lower power parties can deal with the big players in business deals and partnerships is by limiting the ways you can do business or who you can do business with and it is an example of one of the following dealings.Which one?

• A) Never do an all-or-nothing deal.
• B) Make yourself bigger.
• C) Build momentum by doing deals in sequence.
• D) Constrain yourself.
• E) Do what you can to manage the process.

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Definitions:

Creditor Beneficiary

A third party that benefits from a contract made between two other parties, primarily involving debt repayment.

Life Insurance Policy

A contract between an insurer and an insured, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person.

Bank

A financial institution licensed to receive deposits, offer loans, and provide various financial services to individuals and businesses.

Novation

The act of replacing an old contract with a new one, substituting a new party into an existing agreement.