Negotiation vs
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Questions and Answers

What is the main difference between bargaining and negotiation?

  • Bargaining is about getting the best possible deal, while negotiation is about persuasive communication
  • Bargaining is often done in a formal situation, while negotiation is only about winning
  • Bargaining is only related to price, while negotiation can be used for situations other than just price (correct)
  • Bargaining aims to reach a win-win situation, while negotiation is only related to price
  • What does the acronym BATNA stand for in the context of negotiation?

  • Better approach to negotiation and agreement
  • Best assessment of the negotiated agreement
  • Best alternative to a negotiated agreement (correct)
  • Bargaining and trade negotiation agreement
  • When does negotiation take place?

  • When one party aims to dominate the other
  • Only in formal business settings
  • When there is no possibility of reaching an agreement
  • When two or more people with differing views attempt to reach agreement on an issue (correct)
  • What is the purpose of a BATNA in negotiation?

    <p>To represent the most attractive option available if negotiations fail</p> Signup and view all the answers

    What does negotiation aim to achieve?

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

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