What is a win-win deal?
AnswerA deal where both sides benefit
Win-win deals leave both parties better off.
Business · Facts & stats
Deal facts & stats
7 fact-checked facts about deals, negotiation and famous agreements, each with the reason behind it. 5 more are in today's round and join this page after it closes.
The basics
What is a handshake deal?
AnswerAn informal agreement made without a written contract
A handshake deal rests on trust and a verbal agreement.
Going deeper
In negotiation, what does BATNA stand for?
AnswerBest Alternative to a Negotiated Agreement
Your BATNA is what you will do if no deal is reached.
The 1803 Louisiana Purchase was a deal between the United States and which country?
AnswerFrance
The US bought the territory from Napoleon's France.
What is anchoring in negotiation?
AnswerWhen the first number mentioned sets a reference point
The first offer often shapes the rest of the talks.
Expert level
About how much did the US pay for the Louisiana Purchase?
Answer$15 million
The price was about $15 million.
About how much did the US pay for Alaska in 1867?
Answer$7.2 million
The US paid about $7.2 million.
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