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August 11, 2005
Currency and Negotiation
China names currencies in its basket. The currencies are the US dollar, the euro, the yen and the Korean won. Not that they were hard to guess. On the other hand, the currencies gives more information of their level of risk-taking.
I was in Peru recently and had a chance to practice my negotiation skills. At least one of my teammates and I had a lot of fun doing this. But, one technique that I had learned in my class did not go as well as planned (big, small). I'm not sure if it was because of cultural differences or something else. The idea is that once a person concedes on something big, they will concede on the small things. Another one of my teammates noted it's ridiculous to negotiate over couple of sols when elsewhere the prices are much higher but I think negotiation is the fun part. One thing that irritated me was the fact if the vendors knew we were Americans, negotiations always got a little tougher.
Posted by azileretsis at August 11, 2005 12:59 PM
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