Question: A former student has authored the verbatim posting below. Read it carefully and choose which of the options below best describes it: One of the

A former student has authored the verbatim posting below. Read it carefully and choose which of the options below best describes it:
One of the most memorable negotiation I went through was when I was in the process of purchasing my first house. The House was sitting on the market for a year and the advice I was receiving was to low ball my initial offer. Because I liked the property a lot I wanted it to be a respectful opening offer and not look like I'm trying to take advantage of the situation. So, I presented my offer 15% lower than the asking price and promised myself that I will not pay more than 90% of the Asking price. My target was 12 to 13% discount to Asking. The seller countered with a 10% discount, which was right at my resistance point. I knew there was more negotiation room so I countered back with a 12.5% discount to the asking price. The Seller agreed!
I believe I was applying some of the basics of Distributive Bargaining as it was a one-time deal. I had a resistance point of not to pay more than 90% of Asking price and a target range and I designed my initial offer to create a positive bargaining range.

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