Inter_Negotiating price

Warmer: When do you negotiate?

  • When I‘m buying goods at a shop
  • When I buy something...

Intro task: What are the different stages of a negotiation?

  • Judge the quality of the goods.
  • Compare goods and prices
  • If I buy a car, I

Vocabulary: Look at the stages of negotiation. Are there any steps missing?

  • Collect information about the market price.
  • Present your position to the other party.
  • Listen to the other party's postion.
  • Make a counteroffer.
  • Agree on a sale.
  • Confirm terms and conditions.

Practice: Listen to the negotiation.

  • What is on sale?
  • What price do they agree on?

Final task: Look at the items for sale. Negotiate with your partner.

  • Student A: You are selling the item pictured. Negotiate with Student B to agree on a price.
  • Student B: You are buying the item. You will negotiate with Student A to agree on a price.
  • A: I was thinking of a tarting price of $5.
  • B: $3. Take it or leave it.

Summary: Today we ...

  • discussed the stages of negotiation.
  • Listened to a negotiation between a flexible negotiator and a tough negotiator.
  • negotiated with our classmates.

Before you go ...

  • Describe a time when you think you got a really good deal. How did you negotiate?
  • In what situations are you not willing to negotiate?

Audio script

  • A: So, how much for the Ferrari?
  • B: Well, I was thinking of a starting price of around $500,000?
  • A: OK, I'll tell you my position: $300,000, take it or leave it.
  • B: Hmmm. Perhaps we could agree on a price in the middle.
  • A: You can either accept my offer, or you can find another buyer. I can give you the money today.
  • B: OK, I appreciate that the price is very important to you, but if you look at the market price for this model ...
  • A: Let me be clear. This is my final offer: $300,000. I have the cash here to give you right now if we can agree on $300,000.
  • B: OK, how about if we give you some extras with it? Like free insurance for the first year? Maybe we could meet at $400,000?
  • A: $350,000, and it's a deal.
  • B: Let's say we split the difference? $375,000?
  • A: No deal.
  • B: Sir ... (footsteps walking away) ... Sir?
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