Tom is selling his house and Jeff is interested in buying it…
Tom is selling his house and Jeff is interested in buying it. Jeff makes an offer for Tom’s house, which is well below Tom’s listed asking price. Tom and Jeff sit down to negotiate further. Tom says he would be willing to “meet in the middle” and accept a price in the middle of his ask price and Jeff’s offer price. Jeff responds by saying he has no interest in raising his offer price, and that his initial offer is his final offer. Based on this exchange alone, which of the following best describes Jeff and Tom’s bargaining styles?
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