Business Studies, asked by CapAllan5467, 1 year ago

Settlement of disputes: negotiation, good office and mediation, cancilliation arbitation

Answers

Answered by IamSonu
1

It comes from the Latin and referring to businessmen who, unlike the patricians, had no leisure time in their industriousness; it held the meaning of business until the 17th century when it took on the diplomatic connotation as a dialogue between two or more people or parties intended to reach a beneficial outcome over one or more issues where a conflict exists with respect to at least one of these issues. Thus, negotiation is a process of combining divergent positions into a joint agreement under a decision rule of unanimity.

Answered by niharikaKz
0
Diplomatic methods of dispute settlement are negotiation, enquiry,mediation, conciliation, and good offices. Negotiation is a method by which people settle differences. It is a process by which compromise or agreement is reached while avoiding argument and dispute.
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