BUSM $5140-$ Negotiation Simulation $3$ ABC Management team and prospective buyer teams $-15$ marksNOTE: For this assignment each ABC Management team submits one assignment for both team members. In addition, each bidding team $($comp$.,$ KPU or XYZ$),$ submits one assignment for all team members that attended negotiation. Do not include team members who failed to participate in class during actual negotiation. $($NOTE for clarity: ABC is one team and each prospective bidder is another team for each group$)$ This is to be submitted to me next class online or in hard copy.To assist you in completing your Simulation $3$ team report please follow the following format and answer the $3$ applicable questions for your team accordingly. When submitting your final report and, in addition to sending to me online, please send a copy to ABC Management if you are a prospective bidder. If you are ABC Management please send a copy to all prospective bidders you met including the successful team.B$.$ Prospective bidding teams Competitor, KPU and XYZ Investment Bank $($one submission per team, max. $2$ pages$)$ Were you successful? If so why, if not why not? What should you and your partner$($s$)$ have done differently consider preparation, research, patience, compromise communication skills $-$ to win the deal? Discuss both what your team did well, as well as$,$ what you did poorly. Who did the best job Seller or Buyerexplain. Was the negotiation fair and did it result in a reasonable outcome for all parties? Explain.$$Question $2$ all parties $-$ what did you and your partner$($s$)$ whether Seller or buyer learn from this Simulation. How will it improve your negotiating skills going forward?$$Question $3$ if you could start over what you do to win?