Bike Negotiation Scenarios and Outcomes

Bike Negotiation Scenarios and Outcomes

Assessment

Interactive Video

Business, Life Skills

7th - 10th Grade

Practice Problem

Hard

Created by

Olivia Brooks

FREE Resource

The video captures a negotiation over a bike sale. The buyer initially offers $900, but the seller counters with a minimum of $1000. After some back-and-forth, they agree on a final price of $1050. The seller reflects on the profit made and appreciates the experience, noting the influence of his daughter in attending the event.

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6 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the initial price the seller wanted for the bike?

$1,000

$1,500

$900

$1,350

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the buyer's first offer for the bike?

$1,350

$900

$1,500

$1,000

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the final agreed price for the bike?

$1,150

$1,000

$1,200

$1,050

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the seller's 'dirty little secret' during the negotiation?

He was willing to sell for $1,000

He wanted $1,500

He would accept $900

He was open to $1,350

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much profit did the seller make from the bike sale?

$115

$150

$200

$165

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What event did the seller's daughter insist they attend?

Sale Days

Market Days

Dickering Days

Bargain Days

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