Asked by Belinda Anderson on Sep 27, 2024
In negotiation, the area between two BATNAs is referred to as a(n)
A) no deal.
B) agreement.
C) bargaining zone.
D) deal.
E) negotiation gap.
BATNAs
An acronym for "Best Alternative to a Negotiated Agreement," indicating the course of action that a party will take if current negotiations fail.
Bargaining Zone
The range within which an agreement is reachable during negotiations, bounded by the minimum and maximum limits of both parties.
Agreement
A mutual understanding or arrangement between two or more parties, often formalized in a contract or verbal commitment.
- Become familiar with the notion of striving for win-win situations in negotiations and the practice of Added Value Negotiating (AVN).
Learning Objectives
- Become familiar with the notion of striving for win-win situations in negotiations and the practice of Added Value Negotiating (AVN).
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