Understanding Negotiation and Bargaining

Understanding Negotiation and Bargaining

Assessment

Interactive Video

Fun, Business, Life Skills

6th - 8th Grade

Hard

Created by

Sophia Harris

FREE Resource

The transcript involves a negotiation over the sale of various items, including a gas grill. The seller is flexible with payment terms, and the buyer uses negotiation tactics to lower the price. The deal is finalized with additional items included, highlighting the dynamics of bargaining and value assessment.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the initial asking price for the item being sold?

$200

$400

$300

$100

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the seller try to persuade the buyer in the initial negotiation?

By including additional items

By allowing flexible payment terms

By offering a discount

By threatening to sell to someone else

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the buyer's attitude towards the items being sold?

Excited

Disinterested

Indifferent

Very interested

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much does the buyer offer for the gas grill?

$20

$10

$30

$40

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the original purchase price of the gas grill?

$400

$100

$300

$200

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much does the buyer pay for the entire living room set?

$100

$75

$50

$125

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What accusation is made against the buyer in the final section?

Being too cautious

Being a scavenger of human misery

Being too hasty

Being too generous