An Agreement to Keep the Same Price but Reduce Prices

question 18

Multiple Choice

An agreement to keep the same price but reduce prices in the future is often a successful response to which of the following tactics used by buyers?

• A)budget limitation tactic
• B)take-it-or-leave-it tactic
• C)let-us-split-the-difference tactic
• D)"if...then"tactic
• E)"sell low now,make profits later"tactic

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Definitions:

Age

The length of time that a person or thing has existed.

Accident

An unexpected and unintentional incident, often causing injury or damage.

Restrictive Covenant

A clause in a contract or deed that limits what the owner of the property can do with it, often to preserve the value of adjacent land.

Minor

A person who is below the age of majority, legally considered a child and, in many contexts, does not have the full legal rights of an adult.