BUS303 Week 4 assignment

User Generated

ywpbra81

Business Finance

BUS303

Description

No plagiarism please!

Trying to Sell Your Audio System

You are trying to sell your audio system (an amplifier and speakers) to raise money for an upcoming trip overseas. The system works great, and an audiophile friend tells you that if he were in the market for this kind of equipment (which he isn’t), he’d give you $500 for it. A few days later the first potential buyer comes to see the system. The buyer looks it over and asks a few questions about it. You assure the buyer that the system works well. When asked how much, you tell the buyer that you have already had an offer for $500. The buyer purchases the system for $550.


  • Justify and explain your decision to lie about having the second offer, and what were the consequences of your decision to lie to the buyer.

The requirements below must be met for your paper to be accepted and graded:

  • Write between 750 – 1,250 words (approximately 3 – 5 pages) using Microsoft Word in APA style, see example below.
  • Use font size 12 and 1” margins.
  • Include cover page and reference page.
  • At least 80% of your paper must be original content/writing.
  • No more than 20% of your content/information may come from references.
  • Use at least three references from outside the course material, one reference must be from EBSCOhost. Text book, lectures, and other materials in the course may be used, but are not counted toward the three reference requirement.
  • Cite all reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) in the paper and list on a reference page in APA style.

References must come from sources such as, scholarly journals found in EBSCOhost, CNN, online newspapers such as, The Wall Street Journal, government websites, etc. Sources such as, Wikis, Yahoo Answers, eHow, blogs, etc. are not acceptable for academic writing.

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Explanation & Answer

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Running head: ETHICS IN NEGOTIATIONS

1

Ethics in Negotiations
Name
Course
Tutor
Date

ETHICS IN NEGOTIATIONS

2
Ethics in Negotiations

A negotiation refers to that particular instance where two or more individuals exchange
ideas with the aim of changing the current nature of their relationship. In a negotiation, all parties
involved should end up benefiting from the relationship. Therefore when only one party benefits,
it is no longer a fair negotiation. It is important to understand the meaning of ethics in order to
undertake any sort of negotiations. Ethics are described as the moral principles which are
followed to guide people’s behavior. An average person finds themselves in situations where
they have to make negotiations for things on a daily basis. The way these negotiations end is
determined by the ethical backgrounds of the individuals involved.
The case scenario laid out, in this case, puts me in a position where I find myself lying in
a negotiation in order to make a sale of my audi...


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