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    Approaches to negotiating

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    Could you please help me complete a project on the following topic:
    There are three basic approaches to negotiations. Cost-Based Price Model, Market-Based Price Model, and Competitive Bidding.
    Describe these three basic approaches to negotiations? Give an example based on your personal or professional experience.
    Thank you.

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    https://brainmass.com/business/approaches-negotiating-561522

    Solution Preview

    Hello,
    (Please see the attached file for the complete solution)

    Price Negotiation
    A cost-based pricing model is a pricing method in which a fixed sum or a percentage of the total cost is added to the price. This would be considered the income or profit. The total amount is then the selling price of the product. For example, product A costs $2.50 in materials and labor. The company adds a fixed sum of ...

    Solution Summary

    This 245 word solution addresses the three basic approaches to negotiations. Cost-Based Price Model, Market-Based Price Model, and Competitive Bidding. Additionally, it describes all three of these basic approaches to negotiations and provides examples based on personal experience.

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