Questions: Bill Negotiation and Rate Reduction

5 questions to test your understanding

Score: 0 / 5
Question 1 Multiple Choice

Your internet bill quietly increased after a promotional rate expired six months ago. You assume there's nothing you can do because the provider set the price. What is the most effective next step?

AAccept the rate — internet providers set prices uniformly and don't negotiate
BCancel immediately without calling
CCall the retention or loyalty department with a competitor quote in hand and ask them to match it
DEmail general customer service to complain about the increase
Question 2 Multiple Choice

What is the primary source of leverage when negotiating a recurring bill with your current provider?

AYour years of loyalty as a customer
BA genuine competing offer or quote from a rival provider
CThe volume of money you spend with the company annually
DThe threat of leaving, stated forcefully enough
Question 3 True / False

Retention departments at service providers typically have more authority to offer discounts than front-line customer service agents.

TTrue
FFalse
Question 4 True / False

The best time to negotiate a bill is immediately after signing a new contract, when you have the most leverage as a new customer.

TTrue
FFalse
Question 5 Short Answer

Why does the 'competitive leverage' approach to bill negotiation work even when you're not certain you would actually switch providers?

Think about your answer, then reveal below.