Examlex
Jack is in the process of implementing a gainsharing plan for his firm.He has already determined that the plan's objectives will be to lower labor costs.What is the next step that Jack needs to take?
Negotiated Transfer Price
A price for goods or services transferred within a company, determined through negotiation between the selling and buying divisions or subsidiaries.
Negotiating Skills
The abilities and techniques used to effectively persuade or influence others in order to reach a mutual agreement.
Market Price
The current price at which an asset or service can be bought or sold in a given market.
Opportunity Cost
The benefit that is missed or foregone when choosing one alternative over another.
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