Explain the art of negotiating and an example to go with. :) ( A situation within very sophisticated work, mhm.)

Business

1 answer:

Lunna [17]4 years ago

5 0

Answer with Explanation:

The "art of negotiating" refers to negotiating while establishing relationships. This refers to providing a win-win situation between the negotiating partners. Both the buyers and the sellers have different strategies in negotiating.

For example, if you are the buyer, you have to make sure that you know very well about the product or service that you are negotiating. If the seller senses that you don't know, it will be your weakness. Thus, preparation is a very crucial step.

On the other hand, if you are the seller, you also have to know whether the product you're selling is in high demand or not. If you are the only source of that product, then you have the "bargaining power." You can name your price. On the contrary, when the economy is depressed, the supply is usually high while the demand is low, so the buyer has a bargaining power in this situation.

Whatever the situation is, ensuring a win-win situation is needed in order to have a good deal. This is very important especially when you have to negotiate with the same person again and again.

You might be interested in

Your purpose for writing a formal business letter should be clearly stated in _____.

natali 33 [55]

Answer:

the answer is C hope this helps

6 0

3 years ago

Read 2 more answers

Suppose that nondurable goods spending is $200 billion, durable goods spending is $400 billion, new residential housing spending

umka21 [38]

Answer:

$1,300 billion

Explanation:

total private consumption = nondurable goods spending + durable goods spending + spending on services = $200 billion + $400 billion + $700 billion = $1,300 billion

New residential housing spending ($500 billion) are considered residential investments, not part of private consumption.

6 0

3 years ago

What are the three components of a basic accounting equation? Should a basic accounting formula balance at all times ? If yes ex

Kamila [148]

The formula is: Assets = Liabilities + Shareholders' Equity. The three components of the basic accounting formula are: Assets. These are the tangible and intangible assets of a business, such as cash, accounts receivable, inventory, and fixed assets

7 0

3 years ago

Pat picked a card from a standard deck, looked at it, and then put it back. he then picked a second card. what is the probabilit

mezya [45]

16/52 maybe :) There are 52 card in the deck then the diamonds and jokers would make 16. Maybe I'm not really sure but maybe. Hope this helps!!

5 0

3 years ago

Personal Selling is :

Firlakuza [10]

Answer:

Option A. The two-way flow of communication between a buyer and seller, often in a face-to-face encounter, designed to influence a person’s or group’s purchase decision.

Explanation:

The reason is that the personal selling is the face to face selling which means two way flow of communication is necessary. The seller will use his marketing exprience to influence the buyer which results in greater sales and customer satisfaction. So it is the face to face selling method which most of the companies opt and this way of selling is known as personal selling.

4 0

3 years ago