Answer :
Its simplest form is negotiations between labor unions and the management of a firm.
Negotiation is a talk between or extra people or events to attain the favored final results regarding one or greater problems of battle. it's miles an interplay among entities who aspire to agree on subjects of mutual interest.[1] The settlement may be useful for all or some of the parties involved. The negotiators need to establish their personal needs and wants even as also looking for to understand the wants and needs of others worried to boom their chances of last deals, keeping off conflicts, forming relationships with different events, or maximizing mutual gains.[1]
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