What does ZOPA mean? What is the full form of ZOPA?

The Full Form of ZOPA is Zone of Possible Agreement.

Not a physical place, the zone of possible agreement or bargaining range is considered an area where two or more negotiating parties may find common ground. It is this area where parties will often compromise and strike a deal. In order for negotiating parties to find a settlement or reach an agreement, they must work towards a common goal and seek an area that incorporates at least some of each party’s ideas.

KEY TAKEAWAYS

A zone of possible agreement (ZOPA) is a bargaining range in an area where two or more negotiating parties may find common ground.
A ZOPA can only exist when there is some overlap between each party’s expectations regarding an agreement.
If negotiating parties cannot reach a ZOPA, they are in a negative bargaining zone.

ZOPA

means

Zone of Possible Agreement

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What does ZOPA mean? What is the full form of ZOPA?

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