Distinguishing Between Negotiation and Bargaining Quiz
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Questions and Answers

What is the main difference between negotiation and bargaining?

  • Negotiation aims for a win-win situation for both parties
  • Negotiation involves only persuasive communication
  • Negotiation can be used for situations other than just price (correct)
  • Bargaining is only about winning

In what context is bargaining often done?

  • Informal situations (correct)
  • Legal disputes
  • Negotiation settings
  • Formal business meetings

What does the acronym BANTA stand for in the process of negotiation?

  • Better approach to negotiation and tactics alignment
  • Bargaining and negotiation tactics association
  • Best alternative to a negotiated agreement (correct)
  • Business and negotiation tactics assessment

What is the aim of negotiation?

<p>To reach a result where both parties are in a win-win situation (A)</p> Signup and view all the answers

What is a key difference between bargaining and negotiation?

<p>Bargaining is only related to price, while negotiation can be used in situations other than just price (A)</p> Signup and view all the answers

What does the acronym BANTA stand for in the process of negotiation?

<p>Best alternative to a negotiated agreement (D)</p> Signup and view all the answers

In what context is bargaining often done?

<p>Bargaining is often done in retail or marketplace transactions (C)</p> Signup and view all the answers

What is the aim of negotiation?

<p>To reach a result where both parties are in a win-win situation (D)</p> Signup and view all the answers

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