Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Scenario: Lisa is moving to Vancouver and is selling her 2010 Yamaha piano. She has taken very good care of the piano and would really

image text in transcribed
Scenario: Lisa is moving to Vancouver and is selling her 2010 Yamaha piano. She has taken very good care of the piano and would really like to get $6000. for it. She knows that there are some others on Kijiji, and that they are selling for far less; but hers is newer and in mint condition. The lowest that she is prepared to go is $3000., and she is really reluctant to go that low, but does need the money for the move. Lisa was mentioning to a friend at choir class that she is selling her piano and the frien mentioned that her cousin Rachel is looking to buy a used piano. Rachel has been looking at pianos online for the last two months and was really hoping to pick one up for about $500. Rach has $3500, but was hoping not to spend all $3500 on the piano as she wanted to buy lessons as well. Her cousin who is in choir class mentioned that a lady named Lisa was selling her piano. Rachel has decided to call her and offer her $500 in the hopes that Lisa is desperate to sell. Question: $500.00 represents what to Rachel? Select one: a. Her WATNA b. Her reservation point OC. Her aspiration point. d. Her resistance point. e. Her BATNA

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Consolations Of Economics How We Will All Benefit From The New World Order

Authors: Gerard Lyons

1st Edition

0571307795, 9780571307791

More Books

Students also viewed these Accounting questions

Question

How did World War II shape Anna Freuds research and thought?

Answered: 1 week ago

Question

=+3. Who can provide information for evaluation?

Answered: 1 week ago