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(25 Marks) Negotiation has been defined in a number of ways. It can be thought of as an interactive communication process that may take place whenever we want something from a supplier. It is basically a joint agreement. Handfield et al. (2011) define negotiation as a process of formal communication, either face to face or via electronic means, where two or more people, groups, organizations come together to seek mutual agreement about an issue or issues. Negotiation involves the management of time, information and power between individuals and organizations. An important part of negotiation involves each party trying to persuade the other party to do something that is in its best interest. The process involves skills that individuals with the correct training and experience, can learn and enhance. Good negotiators can often develop their skills through practice. Essentially, the negotiation process involves the management of time, information and power between individuals and organizations. Hugo and Badenhorst-Weiss suggests a five phase process for negotiation. You are required to provide a detailed discussion that explains this five phase process