Chapter 8/9 Flashcards

1
Q

It is proper to get a great deal if you:

  1. Have in no way _______ the truth.
  2. HAVE NOT SET OUT TO ______ the other party.
  3. Have created a ______-______ deal.
A
  1. Misrepresented
  2. Harm
  3. Win-win
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2
Q

First key to opening the door to huge bargains is…

A

Learning to NEGOTIATE everything

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3
Q

Win-win deals really work, so don’t be…

A

AFRAID to ASK for the deal

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4
Q

7 Basic Rules of Negotiating…

  1. Always tell the absolute ______.
  2. Use the power of ______.
  3. Understand and use “_____ _____ power.”
  4. ______ _______.
  5. “That’s not _____ _____.”
  6. _____ guy, ____ guy.
  7. The “If I ____ ____ technique.”
A
  1. Truth
  2. Cash
  3. Walk-away
  4. Shut up
  5. Good enough
  6. Good, bad
  7. Take away
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5
Q

Cash is ______,______,______.

A
  1. Emotional
  2. Visual
  3. Immediacy
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6
Q

You’ll be saving big before you know it if you…

A

Are patient, willing to negotiate, and educated about what items are in sale during certain seasons

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7
Q

The second key to opening the door to huge bargains is that you must have ____.

A

Patience

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8
Q

Don’t get ___ to a purchase.

A

Married

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9
Q

The third key to opening the door to huge bargains is that you must know ____ to ____ deals.

A

Where, find

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10
Q

____ something of value, goods or just your ____.

A

Trade, services

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11
Q

Places to find great deals…

  1. ___
  2. ___ Sales
  3. ___ ___
  4. Couponing
  5. ____ ____
  6. Repo Lot
  7. ____ ____
  8. Refunding
  9. ____
  10. ___ Shops
  11. ____ ____
  12. ____ Ads
  13. ____ ____
  14. Conventions
A
  1. Individuals
  2. Estate Sales
  3. Public Auctions
  4. Couponing
  5. Garage Sales
  6. Repo Lot
  7. Flea Markets
  8. Refunding
  9. Foreclosures
  10. Pawn shops
  11. Online auctions
  12. Classified Ads
  13. Consignment Sales
  14. Conventions
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12
Q

If you’re going to make the most of your money you’ll need to…

A

Start looking for ways to save money by shopping for big big bargains

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13
Q

5 Tips to help stretch your hard earned money

A
  1. Keep your eye on the calendar
  2. Get outdated technology
  3. Comparison shop
  4. Make a deal
  5. Get to know eBay
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14
Q

The opposite of showing you are hooked on a purpose

A

Walk-away power

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15
Q

Always telling the absolute truth

A

Integrity

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16
Q

Waiting without becoming upset

A

Patience

17
Q

Both parties benefit

A

Win-win

18
Q

Sanding proof of purchase,receiving cash back

A

Rebating

19
Q

Type of sale used to dispose of a majority of items owned by a person

A

Estate sale

20
Q

T/F

Knowing how to talk to a salesman is one of the most powerful and pressure oriented things in negotiation

A

True

21
Q

T/F

When negotiating, you must use integrity and avoid misrepresenting the truth

A

True

22
Q

T/F

You can get great deals is you find a convention that is just setting up

A

False

23
Q

Couponing is when you send in proof of purchase to get cash back

A

False

24
Q

T/F

Gathering information on what the other persons needs, wants, and fears is only a small part of successful negotiation

A

True

25
Q

____ guy, ____ guy

A

Good, bad

26
Q

____-up

A

Shut

27
Q

____-away power

A

Walk

28
Q

That’s ____ ____ enough

A

Not good