Representatives for Morgan Enterprises met with managers from Ride Park,Inc.to discuss Ride Park's purchase of equipment. The two sides began exchanging offers,counteroffers,and concessions in order to obtain an agreement over the size and price of the next purchase order. These two companies are experiencing which business process?
A) Arbitration.
B) Negotiation.
C) Leveraged buyout.
D) Decisive meeting.
E) None of the Above.

Question

Quizplus · Accepted Answer

The business process being experienced by Morgan Enterprises and Ride Park, Inc. is negotiation as they are exchanging offers, counteroffers, and concessions in order to come to an agreement over the size and price of the next purchase order.

Representatives for Morgan Enterprises Met with Managers from Ride Park,Inc