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Please Refer to the Following Flowchart as You Respond to the Next

question 42

Essay

Please refer to the following flowchart as you respond to the next problem:


Definitions:

Bargaining Range

The spectrum or zone between the opening positions of negotiating parties where an agreement is feasible.

Concessions

Compromises made by one or more parties in a negotiation, where they agree to relinquish certain demands or positions.

Target Point

The ideal outcome one hopes to achieve in a negotiation or goal-setting scenario.

Negotiator's Bottom Line

The least favorable terms a negotiator is willing to accept before walking away from a negotiation.

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