Bargaining Range and Reservation Point
Buyer Range
Wish Bottom Line (reservation point)
150 200
--------------------------->
| Bargaining |
| Range |
| |
<------------------------------------
Bottom Line Wish
175 225
Seller Range
- know your own interests and reservation point
- know your opponent's interests and reservation point
- come as close to the opponents RP as possible if the BR
(bargaining range) is positive (buyer vs seller)
- If not, try to move the other person's RP
- both must feel that this is the best possible deal
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