To determine: Why negotiation is important for a purchasing process.
Introduction: Negotiation is the process, or a skill required to build a better relationship. It is important for negotiating service delivery, legal contracts, lease, and sales condition.
Explanation of Solution
As the major goal of the firm is reducing the expenditure however increasing the
With the help of negotiation in the purchasing process, the firm can be able to reduce the price of the product. In addition to this, during the bulk purchases, discounts could have been gained. The packing charges and the delivery charges can be reduced. Due to these reasons, negotiation is important for the purchasing process.
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