What Role Does Anchoring Bias Play in Bargaining

question 61

Multiple Choice

What role does anchoring bias play in bargaining?

• A)It establishes a price point based on previous negotiations the two parties have had together.
• B)It is a benefit the opening bidder has in the bargaining process.
• C)It establishes a price point based on previous negotiations the two parties have had over a similar negotiation,but not necessarily with each other.
• D)None of the above.

---

Definitions:

Search Engines

Web-based tools or platforms that allow users to search for and retrieve information across the internet based on keywords or queries.

Keywords

Specific words or phrases that describe the contents of a webpage or document, used especially in searching for information.

Boolean Operators

Boolean operators are logical connectors used in search engines and programming languages to refine and combine search criteria, including "AND", "OR", and "NOT".

Web Searches

The act of looking up information online using a search engine.