The Investigation Phase of the Negotiation Process Involves

question 97

Multiple Choice

The investigation phase of the negotiation process involves

• A)understanding what your alternatives are.
• B)gathering information.
• C)making concessions.
• D)agreeing on terms.

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Definitions:

Foreign Exchange Rates

The price of one country's currency expressed in another country's currency, determining how much one currency is worth in terms of another.

Equality

The state of being equal, especially in status, rights, and opportunities.

Arbitrageurs

Traders who seek to profit from price discrepancies of the same asset in different markets, buying low in one market and selling high in another.

Speculator

Someone who buys or sells foreign exchange in hopes of profiting from fluctuations in the exchange rate over time.