Explain your decision to lie about having the second offer

Assignment Help Other Subject

Reference no: EM131247599

Business Negotiations - Trying to Sell Your Audio System

You are trying to sell your audio system (an amplifier and speakers) to raise money for an upcoming trip to overseas. The system works great, and audiophile friend tell you that if he were in the market for this kind of equipment (which he isn't), he'd give you $500 for it. A few days later the first potential buyer comes to see the system. The buyer looks it over and asks a few questions about it. You assure the buyer that the system works well. When asked how much, you tell the buyer that you have already had an offer for $500. The buyer purchases the system for $550.

Justify and explain your decision to lie about having the second offer, and what were the consequences of your decision to lie to the buyer.

Reference no: EM131247599

Questions Cloud

Will developed country be able to maintain competitive edge : Will developed countries be able to maintain their competitive edge against emerging markets such as China or India? Why or why not? What should change, if anything, in the economic policies in order to make the developed countries more competitive?

Discuss effects of protectionism in transformation process : Discuss the effects of protectionism in relation to Ford Motor Company's transformation process. It should relate to tariffs

Worksheet entries to recognize effects of intraentity bonds : Cairns owns 80 percent of the voting stock of Hamilton, Inc. The parent’s interest was acquired several years ago on the date that the subsidiary was formed. Consequently, no goodwill or other allocation was recorded in connection with the acquisitio..

How can iprp improve organisational performance : Prepare a management report to provide the HR Director and CEO with a critical evaluation of individual performance related pay (IPRP) and the possible barriers which may be impacting on its implementation and effectiveness within the Trust.

Explain your decision to lie about having the second offer : Justify and explain your decision to lie about having the second offer, and what were the consequences of your decision to lie to the buyer

Determine the total cost of ending work-in-process inventory : Resty Company manufactures a product that goes through two departments prior to completion: the Mixing Department and the Packaging Department. Direct materials are added at the beginning of the process. Conversion costs are added evenly during the p..

Calculate the expected loss for all vehicles per year : Calculate the expected loss for all vehicles per year. Find the expected cost per accident, i.e., calculate the E(S). Calculate the expected loss per vehicle per year.

No journal entry required in the first account field : Prepare the general journal entries to record the adopted budget at the beginning of FY 2017. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Discuss and analyze the main issue covered in the article : Summarize the article (include all necessary background information); Identify, discuss and analyze the main issue covered in the article, making links to all secondary issues, theories and concepts

User Account

All Pages