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Analyze the Case Study: Mr. Jack's company was in the market for a kind of equipment from Mr. Mike's company. Mr. Mike quoted 600.000 dollars. After calculating the cost carefully, Mr. Jack found that the equipment was worth 550.000 dollars. One month later, when both parties had their negotiation, Mr. Mike said that he had made a mistake last time and the price of the equipment should be 700,000 dollars. After hearing it, Mr. Jack doubted that maybe he calculated the cost wrongly. He wasn't sure whether the price that Mr. Mike quoted was reasonable or not. Finally, both parties concluded the transaction at 600,000 dollars. Mr. Jack was very satisfied with the result. Questions: 1. What negotiation strategy did Mr. Mike adopt? Why did Mr. Mike adopt it? 2. How to cope with Mr. Mike's strategy