Imagine That One of the Issues That You Have Been

question 2

Multiple Choice

Imagine that one of the issues that you have been asked to negotiate concerns the sale of a boat valued at £35,000, which your client has stated must be sold for £30,000 in order to get a quick sale. Which ONE of the following is the most appropriate opening statement on this point?

• A) I have been instructed to obtain the best price possible for the boat, which is valued at £35,000, but my client wants to complete the sale as soon as possible-what would be you able to offer?
• B) The boat is valued at £40,000, but my client is after a quick sale, so is prepared to take less than this price. Would you consider paying £30,000?
• C) My client wishes to agree a quick sale on his boat. Although it has been valued at £35,000, he would be prepared to accept £30,000, provided that the sale could be completed quickly.
• D) My client's boat is worth £35,000, but he is prepared to sell it for less than this, provided that the sale is completed quickly. How much would your client be prepared to offer?

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Definitions:

Unity of Direction

A principle that all members of an organization should work towards the same objectives in a coordinated manner.

Inventory Modelling

The mathematical method or system used to manage and optimize stock levels, costs, and supply chain operations.

Service Personnel

Employees or staff members who are directly involved in providing services to customers or clients.

Customer Waiting Time

The amount of time a customer waits before receiving a service or good.