Which Example Illustrates an Intermediate Good

question 119

Multiple Choice

Which example illustrates an intermediate good?

• A) stocks and bonds purchased by a business executive
• B) a cellular telephone purchased by a university student
• C) a wedding ring purchased by an engineer for his fiancée
• D) tires General Motors purchased from Goodyear for new electric cars

Identify the elements of effective negotiation tactics.

Understand the importance of exploring the other party’s outlook in negotiations.

Appreciate the role of commonalities and similarities in negotiations.

Learn the principles of commitment and reciprocity in negotiations.

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Definitions:

Self-soothing

The ability to calm oneself down during or after experiencing distress, often through techniques like deep breathing or focusing on positive thoughts.

Fussing

Engaging in expressions of dissatisfaction or annoyance, often over minor issues.

Yell Out

To shout or vocalize loudly, often to attract attention or express a strong emotion.

Fear

An emotional response to perceived threats or danger, involving physiological, behavioral, and psychological reactions that prepare the body for fight or flight.