Reservation value

  1. What is your BATNA? What does this mean?
  2. What is your reservation value? What does this value signify?
  3. What is your target point? What does this point represent?
  4. What would your opening offer be? Why would you want to make the first offer?
  5. If you were to actually negotiate in this situation, how would you judge whether you were successful or not?

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