Lernkarten

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Fenster schliessen

Which key negotiation term best describes the range between the two negotiation parties’ reservation prices?

Bargaining Range of Buyer and Seller

Driving Range

Settlement Zone

Fenster schliessen

The buyer’s reservation price is 500. The seller’s reservation price is 300. What is the bargaining surplus?

800

[300;500]

200

Fenster schliessen

What is a synonym for the Walk-away Price?

Reservation Price

Aspiration Price

Anchor Price

Fenster schliessen

Which of the following could be a BATNA?

Better price from another party

Buy from another supplier

Do nothing

Fenster schliessen

Which term best describes the function of the list price (“sticker”) in automobile showrooms:

Anchor

ZOPA

Walk-away Price

Fenster schliessen

Which key negotiation term best describes your preferred outcome in a negotiation?

First Offer

Aspiration Price

Anchor Price

Fenster schliessen

You are the seller in a negotiation. You suspect that the buyer is withholding important information from you that would justify a higher price. How can you get the information during the negotiation?

Straightly ask about the issue

Make the buyer speak as much as possible

Politely reiterate those questions on which the buyer is not giving you a straight answer

Fenster schliessen

How do you determine your reservation price as a buyer for a piece of land?

The reservation price is solely derived from the BATNA.

Reservation price is determined by BATNA and budget constraint.

Reservation price is determined by BATNA, budget constraint, and forecast value increase of the piece of land