A sales person sets a starting price of a new car that the buyer thinks is slightly too high. What type of price might the buyer counter with?

A.
A bid price

B.
A firm price

C.
An offer price

D.
A lowball price

C. An offer price

The correct answer is C. An offer price.

When the buyer thinks that the starting price set by the salesperson is too high, they may counter with an offer price. This is a price that the buyer proposes as a more reasonable or acceptable amount for the car. The offer price is typically lower than the starting price, but it is still negotiable and can be adjusted through further negotiation between the buyer and the salesperson.

To arrive at an offer price, the buyer may consider several factors. They might research the market value of similar cars, analyze the condition of the car they are interested in, and factor in any relevant information about its history or additional features. Additionally, the buyer may consider their budget and how much they are willing to pay for the car.

It is important to note that negotiation is a common practice in the buying and selling process, especially when it comes to high-value items like cars. Both the buyer and the salesperson can engage in a series of counteroffers to find a mutually agreeable price.