Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Question
A negotiator's best alternative to a negotiated agreement (BATNA) determines the point at which a negotiator is prepared to _____.
Group of answer choices
keep options open
identify the counterparty's alternatives
keep options open
reject the terms of and walk away from a negotiated agreement
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Similar questions
- Procurement- Which of the following is not a risk of countertrade? A. Receiving product of greater quality than the specifications require B. Possibility of poor-quality goods and services C. Development of unprofitable deals D. Acceptance of goods and services that do not match marketing channelsarrow_forwardRead the passage that attached and answer the following questions. I am the SELLER in this situation. What strategies will you be using in the negotiation? Do you want to make the opening offer? Why or why not? What strategies do you expect to see from your counterparty? How will you prepare to meet those strategies? Given your scenario, what other information is important for you to keep in mind while negotiating?arrow_forwardExplain why negotiators prefer information over any other form of power in the negotiation process.arrow_forward
- Your company had been shortlisted on tinder and you had been assigned as the lead negotiator, the buyer called your organization to start the negotiation, elaborate on pre-negotiation planning, and trade concessions, from the negotiation’s six processesarrow_forwardDescribe the techniques of using triangle talk to plan a sourcing negotiation?arrow_forwardWhat are some of the questions a negotiator should ask when attempting to assess the win-win (integrative) potential of a negotiation situationarrow_forward
- How do the parties to a negotiation demonstrate their willingness to compromise?arrow_forward–Said is the owner of a shop. He places a notice on the window advertising the sale of batteries at half price. What kind of notice? You should provide in your answer: 1- What kind of contract 2- Legal or not 3- Express or implied or Quasi 4- Unilateral or Bilateral 5- Your reflection and commentsarrow_forwardwhat is zone of possible agreement (ZOPA)arrow_forward
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