Consumer Econ Ch. 7 Review

The good guy, bad guy technique is a negotiating tool that you should be aware of.

• True
• False

If you're trying to buy something, it's not your job to come up with a good price.  Make the seller work for your business.

• True
• False

Making informed choices as a consumer will usually yield savings.

• True
• False

Excluding the United States, most countries use negotiating as a way of life.

• True
• False

In certain circumstances, it is OK to stretch the truth to get a bargain.

• True
• False

Shopping for bargains is part of a healthy financial plan because it makes your hard-earned money go further.

• True
• False

Learning to be quiet is actually a powerful tool in negotiation.

• True
• False

Most of the items at a pawnshop are stolen.

• True
• False

Being married (or emotionally attached) to a purchase will cause you to lose bargaining power.

• True
• False

Using cash gives you more bargaining power than using credit.

• True
• False