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Florotron Corporation,a Manufacturer of Electronic Appliances,invites Tenders for Placement Systems

Question 35

Multiple Choice

Florotron Corporation,a manufacturer of electronic appliances,invites tenders for placement systems and screen printers.The company shortlists two companies,after screening the tenders received.After negotiating with the representatives of both the companies,Florotron enters a contract with Company 1.They later realize that they had miscalculated the offers from Company 2 and it offered better terms.Which of the following shortcomings of negotiation is evident from this?


A) leaving money on the table
B) settling for too little
C) walking away from the table
D) agreement bias

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