Mastering Negotiation in Purchasing

The strategy of obtaining the best possible deal in a purchase

The act of reaching a compromise between the buyer and seller (correct)

The practice of haggling over prices during a purchase

The process of buying goods or services at a lower price than originally offered

To secure the highest quality goods or services

To establish a long-term relationship with the seller

To ensure the buyer pays the lowest possible price

To find a mutually beneficial agreement between the buyer and seller (correct)

To ensure timely delivery of goods or services

To maximize the value and benefits of the purchase

To minimize the risk of fraud or unethical practices

To avoid legal disputes and conflicts (correct)

<p>A process of reaching an agreement between a buyer and a seller on terms and conditions of a purchase</p> Signup and view all the answers

<p>To establish a long-term relationship between the buyer and the seller</p> Signup and view all the answers

<p>Good communication and listening skills</p> Signup and view all the answers