Which of the following outcomes suggests a compromise, achieving a different but acceptable result for both parties?

Enhance your IGCSE Enterprise exam preparation. Study with flashcards and multiple choice questions. Each question provides hints and explanations. Ensure success in your exam!

Multiple Choice

Which of the following outcomes suggests a compromise, achieving a different but acceptable result for both parties?

Explanation:
The outcome that suggests a compromise, achieving a different but acceptable result for both parties, is characterized by negotiation and collaboration. The concept of a "loss-lose" scenario actually implies that both parties end up worse off, which does not reflect a compromise or an acceptable outcome. Instead, a compromise indicates that both parties have made concessions to reach a solution that may not be ideal for either, but is still satisfactory enough for both to agree upon. The term that best fits the notion of reaching an acceptable result through negotiation is often associated with the concept of "win-win," where both parties find a resolution that benefits them to some extent—this illustrates successful compromise. In contrast, "win-lose" represents a situation where one party benefits at the expense of the other, and "loss-lose" indicates a situation where both parties face negative outcomes without any mutual benefit. In essence, a true compromise will lead to adjustments in each party's expectations or demands, reflecting flexibility and the aim of reaching a satisfactory solution. Therefore, while "loss-lose" does not actually convey the meaning of compromise, the idea of making adjustments to reach a mutually acceptable solution better encapsulates the essence of negotiation.

The outcome that suggests a compromise, achieving a different but acceptable result for both parties, is characterized by negotiation and collaboration. The concept of a "loss-lose" scenario actually implies that both parties end up worse off, which does not reflect a compromise or an acceptable outcome. Instead, a compromise indicates that both parties have made concessions to reach a solution that may not be ideal for either, but is still satisfactory enough for both to agree upon.

The term that best fits the notion of reaching an acceptable result through negotiation is often associated with the concept of "win-win," where both parties find a resolution that benefits them to some extent—this illustrates successful compromise. In contrast, "win-lose" represents a situation where one party benefits at the expense of the other, and "loss-lose" indicates a situation where both parties face negative outcomes without any mutual benefit.

In essence, a true compromise will lead to adjustments in each party's expectations or demands, reflecting flexibility and the aim of reaching a satisfactory solution. Therefore, while "loss-lose" does not actually convey the meaning of compromise, the idea of making adjustments to reach a mutually acceptable solution better encapsulates the essence of negotiation.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy