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10-12.To Be Successful,MRSs Need

question 10

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10-12.To be successful,MRSs need:

Develop practical skills for managing group dynamics and facilitating group activities, including agenda setting.
Understand the conditions conducive to successful integrative negotiation.
Define the significance of information exchange in identifying integrative options.
Recognize the importance of trust in sharing information and accurately conveying positions and needs.

Definitions:

Real Terms

Values adjusted for inflation, reflecting the actual purchasing power.

Behavioral Economics

The study of psychology as it relates to the economic decision-making processes of individuals and institutions.

Economic Theory

A set of principles that aim to explain how economies work and how economic agents interact.

Consumer Decisions

The process by which consumers choose whether, what, when, from whom, and how much to buy of a product or service.

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