The statement is True. In any industry in which repeat business is done with the same parties, there is always a balance between pushing the limit on any particular negotiation and making sure the other party—and your relationship with him—survives intact.
Negotiation is a dialogue among two or extra human beings or events to reach a preferred final result regarding one or more troubles of battle. it's miles an interplay among entities who aspire to agree on topics of mutual interest. The agreement may be useful for all or some of the events concerned.
Examples of employee-to-1/3-celebration negotiations encompass: Negotiating with a purchaser over the charge and terms of a sale. Negotiating a prison agreement with an opposing legal professional. Negotiating carrier or supply agreements with companies.
The term negotiation refers to a strategic dialogue that resolves a problem in a way that each event locates ideal. In a negotiation, every birthday party tries to persuade the alternative to accept as true with their factor of view.
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Answer:
a. True
Explanation:
ABC classification scheme refers to item analysis that is based upon the principle that there are many less critical items and few critical items by dividing on-hand inventory into three classes which is generally based upon annual dollar volume as follows:
"A items" have very tight control and accurate records
"B items" does not have a tight control and good records
"C items" have minimal records, periodic review, and and characterized by simple controls.
From the above explanation, it is therefore <u>true</u> that periodic review systems are best suited for the C category of items under the ABC classification scheme.
I am not Sure What the question is explain a little better
The various types of shocks that will be caused are:
- A leftward shift in the AD curve - Negative demand shock.
- A leftward shift in the SRAS curve - Negative supply shock.
- A rightward shift in the SRAS curve - Positive supply shock.
- A positive shift that leads to a higher aggregate price level. - Positive demand shock.
- A rightward shift in the AD curve - Positive demand shock.
- A negative shift that leads to a lower aggregate price level - Negative demand shock.
- Stagflation - Negative supply shock.
- A negative shift that leads to a higher aggregate price level - Negative supply shock.
- A positive shift that leads to a lower aggregate price level - Positive supply shock.
<h3>What causes shocks in the economy?</h3>
When there is a change in the components of demand or supply, there will be a shift in the Aggregate Demand and Supply Curves to show that either demand or supply has changed as a result.
For instance, if there is a weaker harvest for a crop, there will be a leftward shift in the SRAS curve which would lead to a negative supply shock.
In conclusion, supply and demand are prone to shocks.
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