Most of us confront formal or informal bargaining or negotiation situations periodically in our professional lives. Briefly describe an experience with bidding or negotiation in a business setting. No divorces, please.) How did you select a bidding strategy? How successful were you in getting the outcome you sought?
2- Auction& Bidding
Discuss a personal or business auction or bidding situation with which you are familiar. 1) What information did you need and how did you try to obtain it? 2) How did you try to estimate the goals and strategies of your opponent(s)? 3) How might you have done a better job of managing your role in this process?