Ch. 7 MIR

Using cash gives you more bargaining power than using credit.

• True

• False

Being married (or emotionally attached) to a purchase will cause you to lose bargaining power.

• True

• False

Being married (or emotionally attached) to a purchase will cause you to lose bargaining power.

• True

• False

Getting the best deal on a purchase involves doing all of the following except:

• having patience

• being first in line for a new product

• negotiating

• shopping around to find the best deal

Which of the following is typically NOT a good place to find a deal?

• consignment shops

• individuals

• mall

• online auctions

Which of the following describes why using cash is a great bargaining tool?

• cash is visual

• cash has immediacy

• cash is emotional

• all of the above

Having to do with a person's honesty and moral attributes ​ (a)  

• integrity
• foreclosure
• mark-up
• walk-away power
• cost benefit analysis
• auction
• estate sale
• negotiate

the ability to walk away from a purchase when negotiating ​ (a)  

• foreclosure
• mark-up
• walk-away power
• cost benefit analysis
• auction
• estate sale
• negotiate
• integrity

process by which the holder of a mortgage sells the property of a homeowner who has not made interest and/or principal payments on time as stipulated in the mortgage contract ​ (a)  

• foreclosure
• mark-up
• cost benefit analysis
• auction
• estate sale
• negotiate
• integrity
• walk-away power

public sale in which property or items of merchandise are sold to the highest bidder is a/an ​ (a)  

• mark-up
• cost benefit analysis
• auction
• estate sale
• negotiate
• integrity
• walk-away power