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Playbill, Inc. is a company that hires culturally diverse people to perform Shakespearean plays for high school students. The company employs actors and actresses from all over the world. The actors and actresses have joined together to ask Playbill for higher salaries. The employees are struggling over deciding who will negotiate for them.
-Which of the following statements is true pertaining to the effect of individual differences on negotiations?
Minimum Cost
The least amount of financial expenditure required to achieve a particular objective, often essential for budgeting and financial planning.
Messenger
An individual or service that conveys messages or communicates information between parties.
Encoding
The process of converting information or data into a specific format for efficient processing, storage, or transmission.
Credibility
The quality or power of inspiring belief; the perceived reliability and trustworthiness of a source or message.
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