Card 3 What is negotiation and why is it important?

Card 3

1.What is negotiation and why is it important?

2.What is the role of marketing in international trade?

3. What are some examples of negotiation?

Answer:

1: Negotiation holds the key to getting ahead in the workplace, resolving conflicts, and creating value in contracts. When disputes arise in business and personal relationships, it's easy to avoid conflict in an effort to save the relationship.

2: Marketing is very important in international trade. International trade relies on marketing. International marketing involves promoting products or services in multiple countries and/or across international borders.

3: Examples of employee-to-third-party negotiations include:

•Negotiating with a customer over the price and terms of a sale.

•Negotiating a legal settlement with an opposing attorney.

°Negotiating service or supply agreements with vendors.

°Mediating with students on lesson plan goals.