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Suppose that an economics professor selects two students,Rudy and Rhonda,to participate in a classroom experiment.The professor gives Rudy ten $1 bills.Rudy must pick an allocation of the ten $1 bills to offer to Rhonda.If Rhonda accepts the allocation,each student keeps his or her portion of the money.If Rhonda rejects the allocation,the professor keeps the $10,and each student receives nothing.Rudy selects $9 for himself and $1 for Rhonda.Based on the studies of human decision making,which of the following statements is correct?
Opinion Approach
An approach whereby a salesperson shows that the buyer’s opinion is valued.
SPIN Approach
A sales technique that involves asking Situation, Problem, Implication, and Need-payoff questions to understand a customer's needs and propose solutions.
Prospect's Approval
The process by which a potential buyer signals their agreement or interest in moving forward with a purchase.
Remain Silent
The act of refraining from speaking, often strategically used in negotiations or to prompt another to speak.
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