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Comments to Peer Response DQ1MD and DQ2 JB - Essay Example

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The buyer negotiates to obtain a price that is favorable to him (Shell, 2006). The situation below explains how access to market related information affects the outcomes of a transaction. A…
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Comments to Peer Response DQ1MD and DQ2 JB
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Bargaining Bargaining entails actively persuading a seller to lower his initial price offer. The buyer negotiates to obtain a price that is favorable to him (Shell, 2006). The situation below explains how access to market related information affects the outcomes of a transaction. A situation may occur where a seller values a vehicle at $200,000, but the buyer is only willing to pay $150,000. A surplus of $50,000 exists to be shared by the parties. The presented gains from persuasions may be hard to quantify.

The two parties have differed interest as the buyer wishes to acquire the car at the least price possible while the seller wants to trade at the highest price. The buyer and the seller have to make negotiations to a point where they mutually benefit from the transaction. This may compromise the expectations of the two parties. Greater negotiations by consumers boost competitive pressures leading to improved value for money. This is reflected in the lower costs and higher service value (Benassy, 2005).

Public goods These are goods or services that can be used by numerous individuals concurrently without diminishing the value of consumption to any one of the individuals. This argument supports that it is difficult to elicit people’s preferences for public goods. This key feature of public goods, that several individuals can use the same good without reducing its value, is expressed as non-rivalry (Batina & Ihori, 2005). Non-rivalry is what differentiates public goods from private goods. Public good also has the features of non-excludability that is a person cannot be stopped from using the commodities regardless if the person makes payment.

 Economists refer to public goods as non-rivals and not excludable. These goods may include national security, drain systems, public recreational areas and crucial television and radio transmits (Centre & Touffut, 2006). ReferencesBatina, R. G., & Ihori, T. (2005). Public goods: Theories and evidence. Berlin: Springer.Benassy, J.-P. (2005). The macroeconomics of imperfect competition and nonclearing markets: A dynamic general equilibrium approach. Cambridge, Mass: MIT Press.Centre C., & Touffut, J.-P. (2006).

Advancing public goods. Northampton, MA: Edward Elgar Pub.Holley, W. H., Jennings, K. M., & Wolters, R. S. (2012). The labor relations process. Mason, OH: South- Western Cengage Learning.Memedović, O., & United Nations Industrial Development Organization. (2008). Public goods for economic development. Vienna: United Nations Industrial Development Organization.Shell, G. R. (2006). Bargaining for advantage: Negotiation strategies for reasonable people. New York: Penguin Books.

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CHECK THESE SAMPLES OF Comments to Peer Response DQ1MD and DQ2 JB

Response to DQ1 and DQ2 Different Financial Information Users and Isolation

dq2 You mentioned that employees want to know about the financial performance of a firm because they want to know how stable their company is whenever it comes to job security and benefits.... In your response you mention that investors make buy or sell decisions based on the financial statements released by public entities.... In your response you mention that investors make buy or sell decisions based on the financial statements released by public entities....
1 Pages (250 words) Essay

Response to Comments

dq2 When a company is using the NVP value method a firm should only accept a project if the project has a NPV above cero.... In your response I believe you mentioned that a company could do badly irrelevant of the NPV being above cero.... DQ1 The compounding concept is something regular people might not understand well, but is a concept that is relevant to all investors....
1 Pages (250 words) Essay

Wk10 Comment from Peers DQ1AE and DQ2 CK

dq2 - I agree with you that corporate officers did not have must accountability in the past.... I also liked the comment you mentioned in your response which stated that companies that have good corporate governance are worth nearly 27% more.... The general public received an avalanche of corporate fraud cases in the early part of the 21st century which hurt consumer confidence in the marketplace....
1 Pages (250 words) Assignment

Comment to Peer Response DQ1DA and DQ2 KD

The reason for choosing this company is because of the kind of services, and peer response al Affiliation) Oligopoly Oligopoly market have smaller number of competitors making up the industry, the few firms have control of the price of the goods and service that they offer.... Oligopoly market have smaller number of competitors making up the industry, the few firms have control of the price of the goods and service that they offer....
1 Pages (250 words) Essay

Peer Response DQ1JB and DQ2ZH

Another good comment in your response that I liked is that companies that use risk management are efficient at optimizing.... In your response you mentioned CRM tools can be used effectively to lower risks.... For instance risk management can be used to evaluate the environmental risks that can negatively affect a company....
1 Pages (250 words) Essay

Samedaymay30Peer Response DQ1AB and DQ2KDw8

Your response made me learn about the importance of the Sherman Antitrust Act and the Clayton Act.... The accounting profession changed a lot in the 1990's due to the fact that computer software and technology made manual accounting systems obsolete.... Accountants in the past had to keep physical journals and ledgers to keep track of the books....
1 Pages (250 words) Essay

Opininated Response to Peer Commnts

Q2In your response you mentioned that companies today have to deal with a multicultural workforce more than ever before.... “Diversity in the workplace is created when you employ people with a wide range of professional backgrounds, cultural influences, genders and ages” (Anderson, 2012)....
1 Pages (250 words) Essay

Opinionated Response to Peer Comment

Opinionated Response to peer Comment 5 December The 1940s tax cuts catered to the people's increasing demand for tax cuts.... In response, the government implemented many tax rate reductions to appease the people's rising disgruntlement (Friedberg, 2011).... The study discusses the effects of tax cuts....
1 Pages (250 words) Essay
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