20070107

Bargaining

Bargaining is a type of negotiation in which the buyer and seller of a good or service dispute the price which will be paid and the exact nature of the transaction that will take place, and eventually come to an agreement. It is very prevalent in many parts of the world, although less prevalent in Europe and North America. In the regions where it is common, only certain transactions are considered appropriate for bargaining. Context determines the appropriateness; for instance, a comfortable and air-conditioned store may not allow bargaining, but a stall in a bazaar or marketplace may. In some areas, the phrase fixed price indicates that bargaining is not allowed.
Bargain could mean some of the following:

  1. The process whereby buyer and seller agree the price of goods or services. See bargaining.
  2. An agreement to exchange goods at a price.
  3. Such an agreement where one of the parties thinks the price is very favourable.
  4. On a stock exchange, an agreement to buy or sell shares.
  5. A notorious spyware also known as BargainBuddy

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