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If the price of equipment or terms of the sale are not firm, there is room for _____, or for bargaining for additional savings or more flexible terms.

A. Negotiation
B. Discount
C. Approval
D. Compliance

User David Yaw
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1 Answer

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Final answer:

The correct answer is A. Negotiation, which refers to the process of bargaining for better prices or terms. Economists might call the benefit of a 'good deal' consumer surplus.

Step-by-step explanation:

If the price of equipment or terms of the sale are not firm, there is room for negotiation, or for bargaining for additional savings or more flexible terms. Hence, the correct answer to this question is A. Negotiation. Economists might refer to the process where a shopper gets a "good deal" on a product as consumer surplus, which occurs when the price a consumer is willing to pay for a product is higher than the actual price they pay. Through successful negotiation, a buyer might achieve a lower price or more advantageous terms than initially offered, enhancing their consumer surplus. Negotiation is a dynamic and vital aspect in many business transactions, providing an opportunity to adjust the terms of a deal to better suit the needs of both buyer and seller.

User Oleksandr Oliynyk
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