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In Some Cultures, Everything Is Negotiable and No One Believes

Question 10

Multiple Choice
In some cultures, everything is negotiable and no one believes that the first price offered is anything but a negotiating ploy. In these cultures, the initial offer by the buyer is treated as:

In some cultures, everything is negotiable and no one believes that the first price offered is anything but a negotiating ploy. In these cultures, the initial offer by the buyer is treated as:


A) a ceiling price that can be negotiated downward.
B) a floor price that can be negotiated downward.
C) a ceiling price that can be negotiated upwards.
D) a floor price that can be negotiated upwards.
E) none of the above.

Correct Answer:

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