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In negotiation theory, the best alternative to a negotiated agreement or BATNA (no deal option) refers to the most advantageous alternative course of action a party can take if negotiations fail and an agreement cannot be reached. The BATNA could include diverse situations, such as suspension of negotiations, transition to another negotiating ...
Buy one, get one free. " Buy one, get one free " or " two for the price of one " is a common form of sales promotion. Economist Alex Tabarrok has argued that the success of this promotion lies in the fact that consumers value the first unit significantly more than the second one. So compared to a seemingly equivalent "Half price off" promotion ...
Good cop, bad cop. Good cop, bad cop, also informally called the Mutt and Jeff technique, [ 1] is a psychological tactic used in interrogation and negotiation, in which a team of two people take opposing approaches to the subject. [ 2] One interrogator adopts a hostile or accusatory demeanor, emphasizing threats of punishment, while the other ...
Time is the continued sequence of existence and events that occurs in an apparently irreversible succession from the past, through the present, and into the future. [1] [2] [3] It is a component quantity of various measurements used to sequence events, to compare the duration of events or the intervals between them, and to quantify rates of change of quantities in material reality or in the ...
Collateral damage. Tokyo after the massive firebombing attack on the night of 9–10 March 1945, the single most destructive raid in military aviation history. The Tokyo firebombing killed around 100,000 civilians, but the city's industrial productivity—the primary target of the bombing—was cut in half. " Collateral damage " is a term for ...
Booby prize. A wooden spoon is a common booby prize in sporting events. A booby prize is a joke prize usually given in recognition of a terrible performance or last-place finish. A person who finishes last, for example, may receive a booby prize such as a worthless coin. Booby prizes are sometimes jokingly coveted as an object of pride.
In economics, a public good (also referred to as a social good or collective good) [ 1] is a good that is both non-excludable and non-rivalrous. Use by one person neither prevents access by other people, nor does it reduce availability to others. [ 1] Therefore, the good can be used simultaneously by more than one person. [ 2]
Synonym (taxonomy) The Botanical and Zoological Codes of nomenclature treat the concept of synonymy differently. In botanical nomenclature, a synonym is a scientific name that applies to a taxon that (now) goes by a different scientific name. [ 1] For example, Linnaeus was the first to give a scientific name (under the currently used system of ...