22:04 Mar 21, 2017 |
English language (monolingual) [Non-PRO] Marketing - Other | |||||||
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| Selected response from: Tony M France Local time: 17:58 | ||||||
Grading comment
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SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
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4 +9 | start the negotiations |
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5 +4 | open the [negotiation] game - make your first proposal |
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4 -3 | set your expectations too high/open up |
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start the negotiations Explanation: Like an 'opening bid' Whether you are negotiating up or down, the principle is the same: you need to know what your limit is (i.e. what is the highest price you are prepared to pay or the lowest price you are prepared to accept) and then you have to decide at what price to open or start the negotiations. So you might open by offering to pay, say, £1,000, knowing in your mind that the most you will go to is (say) £1,200 — and of course hoping that your 'adversary' will settle for somewhere in between. |
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Grading comment
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