Chapter 7 quizzes

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What is the price per item if you purchase a $25.99 product at "buy 2 get 1 free"

$17.33

Which is a better deal on a $10.99 item

30% off

Which is a better deal on a $200 item

35% off plus an additional 10%off

Which is a better deal on a $159.99 item

60% off original price

You'll never get a bargain unless you _____ for it

Ask

If you don't want to change insurance companies but want a better price you can

Ask them to match another company's lower price

Sellers can tell by you_____ if you're interested in buying what they are selling

Body language

A common example where the good guy bad guy technique is used is at the

Car dealership

You can sell your old clothes at _____ stores to make money

Consignment

What should you do as you prepare to go to a public auction to but something

Do research and understand the product you are bidding on

If an expensive item breaks, use your_____________ to cover the cost to fix or replace it

Emergency fund

Cash is

Emotional

Couponing is a great way to get a deal when they're used on what

Everything

_________ is negotiable

Everything

Banks and insurance companies all have the same fees and prices

False

Bargains and deals are impossible to find

False

In order to get a deal you have to misrepresent the truth

False

Price is the only way to make a deal sweet

False

When giving a gift it should always cost you money

False

When negotiating for a lower price you should not use cash

False

You should buy extended warranties

False

The _______ person to speak usually loses

First

Which of the following is a negotiating technique that Dave mentions in this video

If I

It's always a good idea to buy from

Individuals

Roger Fischer says the people that win negotiations have the most _______ and the most patience

Information

Dave cautions us by saying don't buy _______ you don't need

Junk

Which of these are not one of the four techniques to find a good deal

Look for a win- win

What items should you buy extended warranties on

Nothing

Another name for good guy bad guy technique is called _____ selling

Position

_____ people don't care what other people think about the car they drive

Rich

When negotiating Dave tells us to

Shut up

What should you do in order to get out of a good guy bad guy negotiation

Speak to the person with the decision making authority

In this lesson Dave recommends using which of the following phrases

That's not good enough

One way to find a great deal is to_____ something of value, goods, or your service

Trade

Collection agencies learn special techniques that will get you to pay them

True

Estate sales and auction houses have mailing lists you can join

True

Everything sold at a pawn shop is stolen

True

It's a good idea to look at estate sales and public auctions for a deal

True

Patience pays off

True

Using cash can be fun

True

When buying a used car you should pay to have the car inspected before buying

True

You can get burned on online auctions like eBay

True

In order to be an aware consumer, you should

Understand everything before you sign up

When negotiating for a good deal you have to maintain your

Walk away power

Don't be afraid to ask for a _________-_________ situation

Win-win


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