Based on the information provided within the question it can be said that in the context of business products and performance, this is called benchmarking. This term refers to the comparison of specs and performance of a product with other similar products within the same industry, in order to generate ideas as to how the product can be improved and surpass the competition.
According to the given situation, The Strategic Negotiation or Distributive Negotiation is also known as Win-lose strategy, was introduced by Rainbow Paints Inc.
They say they should be liable for the losses, and they will refund the advance payment. Therefore they support a hard-line strategy.
XingPe Chemicals embraces a resolution of the conflict on this subject. So, they are required to handle the part of loss and want to compensate for the remaining loss by a rainbow. They are justifying to wait on pandemic grounds which is a matter of force measure. They do promise to honor all future contracts.
According to the guarantees, the following types of loans can be distinguished:
-Loans with personal guarantee.
-Loans with real collateral.
The loans with personal guarantee the borrower recognizes the whole of his patrimony, be it the goods and the present and future rights in a general way. In the case of loans with collateral, a specific asset or right is together with the payment of the loan in the event that the borrower cannot pay the obligations contracted.
The fundamental modality is that of loans with a mortgage guarantee, in which the guarantee is a property. In this way, the loan installments are not met. The mortgage, which to be acts as a burden that is associated with the property, in such a way that, if someone obtains the property on which they have a mortgage, they could lose their property if the debt is not paid.