Jim is haggling with a car dealer over the sale price of a used car. When...
Jim is haggling with a car dealer over the sale price of a used car. When he entered the store, the storekeeper was already haggling with the other customer. His bargaining position could get worse if:
a) The customer leaves
b) Another customer enters the store, interested in the car
c) He gets an offer from another seller
d) All of the above
Homework Answers
Add Answer to:
Jim is haggling with a car dealer over the sale price of a used
car. When...
2. Preet lives in Prince Albert, Saskatchewan. He is buying a new car from a dealer. • The price of the car is $271...
2. Preet lives in Prince Albert, Saskatchewan. He is buying a new car from a dealer. • The price of the car is $27125 • Preet will trade in his old car for $4120 and make a down payment of $1000. He will get a loan from the dealer for 5.9%/yr. The monthly payment will be $468.76. He plans to repay the loan over 5 yr. How much interest will Preet pay on the loan? 3. Yvette is a pilot...
The Used Car Introduction The scenario for this role-play involves the negotiation on a used car that is for sale. While there is a great deal of other information that may be used to construct...
The Used Car Introduction The scenario for this role-play involves the negotiation on a used car that is for sale. While there is a great deal of other information that may be used to construct supporting arguments or to build in demands and requests in addition to the price, the sale price is usually the most important indicator used to determine how well you do in comparison to other role-play groups about to negotiate the purchase/sale of an automobile. The...
Hank, a car dealer owned a 1987 Nissan Bluebird and put the following ad in the...
Hank, a car dealer owned a 1987 Nissan Bluebird and put the following ad in the newspaper: “1987 Nissan Bluebird, good shape, $ 10,000, “accompanied by his phone number. Sam, a regular customer of Hank, saw the ad and went to Hank’s car lot to see the car. After some discussion, Sam said that he would pay $5,000 for it, but Hank said that it was not enough. He said that he would sell it for $ 8,000 including financing....
Ray, 83, is a used car dealer. He lives in a rural community and operates the...
Ray, 83, is a used car dealer. He lives in a rural community and operates the business out of his home. One room in his 6-room house is used exclusively for his business office. He parks the cars in his front yard, and when customers come along, they sit on the front porch and negotiate a sale price. The income statement for Ray's auto business is as follows: Sales $145,000 Cost of cars sold (75,000) Gross profit $70,000 Interest expense...
apply the facts of the specific case to the law that appropriately addresses this situation. One...
apply the facts of the specific case to the law that appropriately addresses this situation. One Monday Andy drove Ben and Cal home after class. They talked about the class, the weather, the features of Andy’s car, and Cal invited them to a party on his 18th birthday in two weeks. Ben said he was looking for a car like this, and Andy offered to sell this one to him for $3,000. Ben said he was very interested, but he...
exercise Trouble in the family In the past, most people in Port Eizabeth who wanted to get their imported cars fixed had to turn to the dealer from which they had purchased the car. The problem with t...
exercise Trouble in the family In the past, most people in Port Eizabeth who wanted to get their imported cars fixed had to turn to the dealer from which they had purchased the car. The problem with that was that the buyer of an imported car sometimes had to arrange for his or her car to be fixed in Cape Town or Johannesburg at huge extra cost. Recently, however, auto repair shops that specialise in imported cars have become popular...
Thank goodness! The day is almost over at Gimme & Aye… or so you thought. You have been inter...
Thank goodness! The day is almost over at Gimme & Aye… or so you thought. You have been interning at the Law Offices of Gimme and Aye for the summer, and you have been exposed to many legal issues. The hours have been long, but rewarding. As you daydream about your upcoming weekend, Bob busts into the office. Bob’s reputation precedes him. He has a track record of getting himself into trouble. Jim, the boss, flags you over. Jim: “I...
Colossal Company subsidiary Carz Bazaar, a new and used car dealership, hired Charles Wilson to perform...
Colossal Company subsidiary Carz Bazaar, a new and used car dealership, hired Charles Wilson to perform various duties, such as cleaning and gassing vehicles, moving vehicles from one lot to another, and maintaining the showroom and vehicle lots. In this position, Wilson had access to keys to the vehicles through a key-control procedure. Under this procedure, an attendant keeps the keys in a control shack. When any employee wants to move a company vehicle, the attendant inputs information into a...
CASE 11: Inappropriate Client Behavior The management of Peak Performance Health and Wellness Club has received...
CASE 11: Inappropriate Client Behavior The management of Peak Performance Health and Wellness Club has received several emails and verbal complaints about an unidentified male club member allegedly masturbating while using the equipment in the club. The only description they have of the accused is that he is an older, white male with glasses. Jim Roberts is a personal trainer and is just about to start a morning session with a client. A young woman he knows and trusts comes...
Case 8.3: Banking: Truth Telling or Compassion? You work for a major bank that extends commercial...
Case 8.3: Banking: Truth Telling or Compassion? You work for a major bank that extends commercial lines of credit to auto, RV, and marine (boat) dealerships for the purpose of stocking their inventory to be sold on a retail basis. The inventory that is purchased by a dealer is financed through the credit line and serves as collateral to the loan. The loan is paid off immediately following the sale of the unit, allowing room on the credit line for...
2. Preet lives in Prince Albert, Saskatchewan. He is buying a new car from a dealer. • The price of the car is $27125 • Preet will trade in his old car for $4120 and make a down payment of $1000. He will get a loan from the dealer for 5.9%/yr. The monthly payment will be $468.76. He plans to repay the loan over 5 yr. How much interest will Preet pay on the loan? 3. Yvette is a pilot...
The Used Car Introduction The scenario for this role-play involves the negotiation on a used car that is for sale. While there is a great deal of other information that may be used to construct supporting arguments or to build in demands and requests in addition to the price, the sale price is usually the most important indicator used to determine how well you do in comparison to other role-play groups about to negotiate the purchase/sale of an automobile. The...
Ray, 83, is a used car dealer. He lives in a rural community and operates the business out of his home. One room in his 6-room house is used exclusively for his business office. He parks the cars in his front yard, and when customers come along, they sit on the front porch and negotiate a sale price. The income statement for Ray's auto business is as follows: Sales $145,000 Cost of cars sold (75,000) Gross profit $70,000 Interest expense...
Case 8.3: Banking: Truth Telling or Compassion? You work for a major bank that extends commercial lines of credit to auto, RV, and marine (boat) dealerships for the purpose of stocking their inventory to be sold on a retail basis. The inventory that is purchased by a dealer is financed through the credit line and serves as collateral to the loan. The loan is paid off immediately following the sale of the unit, allowing room on the credit line for...
Most questions answered within 3 hours.
-
True or false? All near-death experiences (NDEs) are described
as spiritual and pleasant. What is the...
asked 31 seconds from now -
Write a C++ program that will convert distance measurements from
miles to kilometers. Specifically, the program...
asked 4 minutes ago -
Given the following stresses (in MP a); in each case:
(a) Find the principal stresses σ1;...
asked 9 minutes ago -
You are one of the first engineers hired into the
manufacturing engineering department at a brand...
asked 14 minutes ago -
Suppose car models A, B, and C are popular among drivers.
Suppose 12% of the drivers...
asked 31 minutes ago -
write a program that finds the number of zeros in an 8-bit data
item using assembly...
asked 32 minutes ago -
Which statement is always true: The total energy of a closed
system...
A) is always equally...
asked 46 minutes ago -
find the critical value associated with a right sided hypothesis of
the mean using a sample...
asked 2 hours ago -
Which of the following statements is true with respect to a
simple linear regression model?
a....
asked 3 hours ago -
The energy required to remove an electron from a surface of a
solid element is called...
asked 4 hours ago -
How would you train your employees to avoid risks of using
mobile devices?
asked 5 hours ago -
Assume Kw = 1.01 ✕ 10−14
For pure water, we can calculate [H3O+ ] = [OH...
asked 6 hours ago