______ is a process in which an impartial third party helps those involved in a dispute reach an agreement.

Business

1 answer:

Lostsunrise [7]3 years ago

3 0

Answer:

Mediation

Explanation:

Mediation is the process in which an impartial third party help those involved in a dispute reach an agreement.

Mediation is the process which help the parties to settle at their disputes. The mediator is the one who do meeting with the parties separately or have joint sessions which help him to bring the disputed parties on one point. Mediation involves various steps:

Mediator introduction
Disputed parties statements
Joint meetings and discussion
Private meetings of mediator with parties
Converge the parties on single point (Negotiation)
Sign agreement ( Closing the agreement)

You might be interested in

Suppose you reside in the Caribbean and purchase exclusive territory rights for a McDonald's franchise. You can construct as man

konstantin123 [22]

Answer:

This is a form of artificial monopoly.

Explanation:

In artificial monopoly a large firm exists with smaller firms in the same market. The large firm does not have a comparative advantage in production efficiency bit still drives the competition out of business.

Large firms use restrictive measures that prevents new form from entering the market. The other type of monopoly is the natural monopoly.

Having exclusive rights to open a MacDonald's in the Carribean where you can construct as many locations as you want is called artificial monopoly. The firm has successfully barred other firms from opening a MacDonald's in the Carribean.

5 0

2 years ago

The WorldLight Company produces two light fixtures (products 1 and 2) that require both metal frame parts and electrical compone

Deffense [45]

Answer:

Explanation:

a) x1 = number of unit product 1 to produce , and

x2 number of unit product 2 to produce

A linear program that will maximize world light profit is the following

maximize $x_1+2x_2$ subject to $x_1+3x_2\leq 200$