“I will make an offer of $4,000 for the bike.” Which of the following is this an example of?
Best alternative to a negotiated agreement
A specific limit objective
A target objective
An opening objective offer
Expert Answer
$4000 is the starting offer and is subject to negotiation by the potential for a final settlement value at which the bike may be purchased. Alternately the negotiation can fail and deal will not go through , if both th seller and prospective buyer fail to negotiate final settlement terms.
Thus the offer for $4000 should be treated as opening objective offer
ANSWER : AN OPENING OBJECTIVE
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