Suppose That You Are Having a Garage Sale, and Have

question 108

Multiple Choice

Suppose that you are having a garage sale, and have decided to negotiate with buyers rather than display fixed prices. Your technique is to quote an astronomically high price (e.g., $500 for a broken exercise bicycle) , and then "bargain" by coming down to a lower, more reasonable price. You hope that the lower price will then appear to be supremely fair. You are apparently using the ____.

• A) foot-in-the-door technique
• B) door-in-the-face technique
• C) disrupt-then-reframe technique
• D) that's-not-all technique

---

Definitions:

Merger

A merger is the combination of two or more companies into a single entity, often to achieve greater efficiencies and market share.

Clayton Act

A U.S. antitrust law, passed in 1914, aimed at preventing anticompetitive practices and monopolies by regulating specific business activities.

Anticompetitive Effect

Refers to actions that negatively affect competition in a market, including practices like monopoly, price fixing or others that hinder free competition.

Vertical Mergers

A combination of two or more companies involved in different stages of the supply chain process for a specific product or service.