Negotiation Strategies and Outcomes

Negotiation Strategies and Outcomes

Assessment

Interactive Video

Fun, Business

5th - 8th Grade

Hard

Created by

Olivia Brooks

FREE Resource

The video features a negotiation over a vintage 1930s tricycle. Initially priced at $160, Frank, known for his charm, attempts to negotiate a lower price. Despite his efforts, he ultimately agrees to pay Clyde's price of $125. The interaction highlights negotiation tactics and the influence of personal charm in bargaining.

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7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What unique features does the tricycle from the 1930s have?

Bluetooth connectivity and speakers

Airflow handlebars and louvers on the wheels

Electric motor and LED lights

Adjustable seat and GPS

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the initial price offered for the tricycle?

$100

$125

$160

$200

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What nickname is Frank known by throughout the country?

The Tricycle Expert

The Southern Gentleman

The Negotiation King

The Bearded Charmer

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What strategy does Frank use to try and get a better deal?

He threatens to leave

He offers a higher price

He brings in a third party

He tries to make Clyde feel special

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What metaphor is used during the negotiation?

Two negatives or two positives together

A bird in the hand is worth two in the bush

A penny saved is a penny earned

The early bird catches the worm

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the final agreed price for the tricycle?

$150

$110

$100

$125

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does Frank feel about the final negotiation outcome?

He feels he lost

He feels he won

He is indifferent

He is upset

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