The Ultimate Bargains Quiz
Can you talk the talk, walk the walk and get the best deals on everything from tires to lobster? Answer these questions to see how bargain-savvy you are.
A recent survey by the American Survey Group found that what percentage of American consumers had recently bargained for retail goods?
- 17 percent
- 36 percent
- 54 percent
- 72 percent
What three factors are most likely to make a seller discount an item?
- personality, trustworthiness and tenacity
- price, margin and utility
- supply, demand and deadline
- aggressiveness, cheapness and threats
Which of the following would you be LEAST likely to haggle successfully for?
- car tires
Which of the following tech companies has seen the highest increase in stock price since its initial public offering (IPO)?
- Cisco Systems
What haggling techniques can you use when shopping for jewelry?
- comparison shopping
- bundling items
- store discount cards
- all of the above
Which grocery items are you most likely to be able to bargain down the price on?
- coffee filters
- baked goods
- canned soup
Which of the following baseball players is considered one of the all-time best draft deals?
- Mickey Mantle
- Ken Griffey Jr.
- Jose Conseco
- Mike Piazza
In 2004, Peter Thiel invested $500,000 in Facebook. How much is Thiel worth today?
- $200 million
- $500 million
- $1 billion
- $1.4 billion
Which was among the best investments of the United States government?
- the Louisiana Purchase
- the moon landing
- the Bay of Pigs
Which of the following is most comparable to a high-risk, high-reward investment?
- converting dollars to yuan
- buying a lottery ticket
- putting money in a stock index fund
- burying gold bullion in the backyard
Which of the following domain names sold for the most at auction?
Generally, will you get better deals on luxury or economy items in times of economic slowdown?
Which of the following industries commonly does your haggling for you?
- oil and gas
- venture capital
- health insurance
Most of the following items require similar bargaining strategies. Which one is most different?
- hotel rooms
- cruise tickets
- apartment rental
What is one technique that experts recommend when haggling on a big-ticket item comes to an impasse?
- Tell the salesperson that money talks and money walks.
- Threaten to load the comment box with hate mail.
- Refuse the salesperson's card, but leave one of your own.
Which of the following can make conditions ripe for a great deal?
- difference in information between buyer and seller
- an unexplored frontier
- a resource that seemed unlimited but is actually scarce
- all of the above