What Are Good Reasons to Bluff? Why Could Bluffing Be

question 31

Essay

What are good reasons to bluff? Why could bluffing be bad in business? Explain your own view on bluffing in business. Do you view "bullshitting" in business in the same way?

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Definitions:

Maintained Markup

The difference between the cost of a product and its selling price, kept consistent to achieve a targeted profit margin over time.

Original Markup

The difference between the cost price and the initial selling price set by a retailer for a product.

Markup

The amount added to the cost price of goods to cover overhead and profit; the difference between the cost of a good/service and its selling price.

Technical Solutions

Proposed methods or processes to solve specific technical problems or challenges.