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Assessment to be based on naturally occurring evidence or realistic work environment
Understand how negotiating a deal can benefit your business
Identify what can be achieved by negotiating effectively with suppliers, customers or others
Describe what benefit this might have for the future of the business and for the other parties involved
Understand how a potential deal can affect your business
Identify potential risks involved in negotiating a deal and what could be done to minimise them
Calculate the potential impact of a deal on your business, for example, if it is likely to be a loss leader or money spinner
Decide if there is anything else that could be negotiated other than price
Understand how to negotiate a good deal for your business
Identify techniques which might be used to negotiate a deal for your business
Demonstrate how to sign off a potential deal in ways that would be clear to all parties involved