The negotiation process involves several steps such as: preparing for negotiation; knowing your walk-away point; and working towards a common goal.

TRUE

Explanation:

Negotiation may be defined as the process or a method with the help of which people try to settle their differences or they try to come to a conclusion in a matter of differences. Here an agreement or a compromise is reached without any dispute and arguments. It is a skill.

It involves preparing for the negotiation with other person, understanding and knowing when one needs to walk out of the negotiation process to avoid arguments and working towards the common goal of achieving an agreement.

Therefore, the answer is true.