In this chapter, we will review in detail the art of negotiating, including how and where to find great deals. We will also learn about the seven basic rules of negotiating.
Chapter 8 Learning Outcomes
In this chapter, students will…
Explain why you should be honest when negotiating.
Analyze and use the three keys to getting bargains.
Describe the seven basic rules of negotiating.
List places to find a great deal.
Chapter 8 Vocabulary
Auction
Consignment Shop
Estate Sale
Foreclosures
Integrity
Markup
Negotiating
Patience
Walk Away Power
Win-Win
Academic Standards Met in Chapter 8
Financial Responsibility and Decision Making: Apply reliable information and systematic decision making to personal financial choices.
HS-PF1-2: Find and evaluate financial information from a variety of sources.
HS-PF1-5: Develop communication strategies for discussing financial issues.
Planning and Money Management: Organize personal finances and use a budget to manage cash flow.
HS-PF3-4: Apply consumer skills to purchase decisions.