All of the Following Are Potential Benefits from Auctions to Sellers

question 40

Multiple Choice

All of the following are potential benefits from auctions to sellers except:

• A)Auctions can broaden the customer base and reduce cycle time.
• B)Sellers receive valuable price sensitivity information.
• C)Sellers are always anonymous.
• D)Sellers can liquidate large quantities of obsolete items very quickly.

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Definitions:

Negative Emotions

Feelings such as anger, fear, and frustration that can adversely affect the outcomes of negotiations or conflict resolutions.

Irrational Escalation Of Commitment

A phenomenon where people increase their investment or continue a course of action beyond a rational point due to their past commitments.

Negative Emotions

are feelings that are considered to be harmful or unfavorable to one’s psychological well-being, such as sadness, anger, or fear.

Escalate Conflict

To increase the intensity or severity of a dispute or disagreement.