Negotiation and Pricing Scenarios

Frank and DD follow a lead to New Jersey, where they meet Ken Williams, a retired science teacher and avid collector. They explore Ken's barn, filled with various collectibles, and negotiate deals on items like a Piedmont chair and nautical light fixtures. The video showcases the art of negotiation and the value of unique antiques.

What is the main purpose of Frank and DD's visit to New Jersey?

• To buy a new car

• To visit a museum

• To meet a collector named Ken

• To attend a science fair

What was Ken's profession before he retired?

• Science teacher

• Engineer

• Artist

• History teacher

At what age did Ken start collecting items?

• 20

• 15

• 30

• 25

What type of chair did Frank and Ken negotiate over?

• Piedmont advertising chair

• Dining chair

• Office chair

• Rocking chair

What was the final agreed price for the Piedmont chair?

• $200

• $125

• $150

• $100

What type of light fixtures were discussed in the negotiation?

• Ceiling fans

• Table lamps

• Nautical light fixtures

• Chandeliers

What was the initial asking price for the pair of nautical lights?

• $350

• $400

• $300

• $200

What was the final price agreed upon for the nautical lights?

• $275

• $225

• $200

• $250

What is a common theme among the items Ken collects?

• Sports memorabilia

• Old items regardless of value

• Modern art

• Antique furniture

What was the overall outcome of Frank and DD's visit to Ken?

• They made several successful deals

• They only bought one item

• They decided not to return

• They left without buying anything