Purchasing negotiation is a process in which the buyer and supplier engage in discussions to arrive at a mutually acceptable agreement. This process requires the buyer and supplier to engage in a dialogue to reach a common understanding on the key issues at hand. Which of the following is NOT an accurate description of the process of purchasing negotiation?

An attempt to find an agreement that allows both parties to realize their objectives

A difficult art requiring judgment and tact

The most sophisticated and most convenient means of price determination

Requires the buyer and supplier, through discussion, to arrive at a common understanding on the essentials of an issue