The negotiation process involves several steps such as preparing for negotiation; knowing your walk-away point; and working towards a common goal. The statement is True.
<h3>What is negotiation?</h3>
Negotiation is a process used to resolve issues that exist between two parties by agreeing on a common point with mutual consent and making compromises between the parties.
The process of negotiation involves preparing for negotiation by understanding the factors leading to an argument. It involves listening to both parties to make a mutual understanding and to achive a common goal.
Therefore, the statement is True.
Learn more about Negotiation, here:
brainly.com/question/9312091
#SPJ4
"Your question is incomplete, probably the complete question/missing part is:"
(T or F)
The negotiation process involves several steps such as: preparing for negotiation; knowing your walk-away point; and working towards a common goal.
Answer: Power
Explanation: In simple words, power refers to the need in which one aims to gain authority and recognition in which their subordinate and colleagues values them and behaves with them in utmost respect.
Usually, such need brings conflicts in group as if any issue arises the one in the power always wins and the other will always loose no matter who was wrong and who was right.
People in this category usually employs high discipline and remain inn need for a tweeter personal recognition.
Answer:
(A) True
Explanation:
Net present value: In this approach, the initial investment is subtracted from the cash inflows of the discounted present value. If the sum comes in positive than the project would otherwise not be beneficial to the company.
In mathematically,
Net present value = Total present value of the future cash flows generated by the project after applying discount factor - the cost of the project
The discount factor should be computed by
= 1 ÷ (1 + discount rate) ^ years
