Answered: What are some of the advantages and…

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

Related questions

Question

What are some of the advantages and disadvantages of negotiations between business people and how do they differ from purely personal negotiations?

Expert Solution

Step 1

The advantages of negotiations between business people are given below-

Good and effective long-term relationships between businesspeople are formed.
Helps to resolve conflicts peacefully and in a friendly manner so that both the parties are satisfied with the negotiation

The disadvantages of negotiations between business people are given below-

Sometimes business people enter into a negotiation with the motive of causing harm to others and they do some tactics to make the other party lose.
One of the party may be powerful one than the other party and so they will want to dominate the situation and the agreement reached would not be fair to the opposing party.