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Reasons for a negotiation
As we now aware that negotiation is a process, we will now learn the reasons for which the negotiation plays a crucial role.
Detailed negotiations may not be warranted for standard products or services of low value and those which are widely available or have established standards. For such requirements, the competitive bidding process is invariably adequate. When issues other than just price and delivery time become important in a project, receiving and reviewing competitive bids will need to be followed up with competitive negotiations.
The other issues may pertain to some of the following:
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Question (a) Explain why an ERP system is a good tool for developing and executing production plans? (b) There are three general approaches to production namely: (I) Make
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Cumulative Index Work: As the name suggests, it pertains to noting by entering down the announcement of cumulative index followed by entering the receipt of cumulative index
Coordinating Work: When different persons are doing different jobs connected with the processing and preparation of documents there can be chances of inadvertent errors and,
factors affecting project life cycle
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