You are about to begin a negotiation and you wish to avoid being a victim of the
framing effect. In order to achieve this objective, you should ________.
A) try to maximize the bargaining zone using integrative bargaining strategies
B) determine your reference point prior to entering into the negotiation
C) develop crisis procedures for emergency communication
D) coax the counterparty to reveal his or her BATNA
Welhome Realty, a real estate giant, hires agents to help it out with the sale of land. As
the standard pay package would not be motivating enough for the agents’ performance,
the owner decides to provide them with incentives. Per the scheme, for every piece of
land that is sold above the market price, the agents will receive 10% of the differential
amount as bonus in addition to their salary for sale at market price. Which of the
following satisfies the condition for a contingency contract?
A) The real estate giant encourages a written contract for the sale of land at the market
price but does not do the same for the brokers.
B) The real estate giant offers 10% of any value sold above the market price and makes
a written contract for the same.
C) It is difficult to make a correct estimation of the market value of given piece of land.