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Negotiation Techniques in Trading

Negotiation Techniques in Trading

Assessment

Interactive Video

Business, Life Skills

7th - 10th Grade

Practice Problem

Hard

Created by

Lucas Foster

FREE Resource

In this video, Turtle and Jeff engage in a negotiation to trade a motorcycle for a projector. The negotiation involves various tactics, including the good cop, bad cop strategy, to reach a mutually beneficial agreement. The video demonstrates the art of negotiation and the importance of understanding value and leveraging tactics to achieve desired outcomes.

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main objective of Turtle in the negotiation?

To sell the motorcycle for cash

To sell the projector for profit

To trade the motorcycle for a projector

To buy a new projector

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does Turtle hope to achieve with the trade?

A profit of $500

A straight trade without spending money

A new projector

A new motorcycle

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much does the projector owner think it is worth?

$1,000

$1,200

$800

$500

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the perceived value of the motorcycle according to Turtle?

$1,500

$1,200

$1,000

$800

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What negotiation strategy do Turtle and Jeff use?

Reverse psychology

Silent treatment

Good cop, bad cop

Aggressive bargaining

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does Turtle refuse to do during the negotiation?

Trade the motorcycle

Give any money

Negotiate further

Accept the projector

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the condition of the motorcycle according to Turtle?

It has a flat tire

It needs a battery replacement

It is in perfect condition

It needs a new engine

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