Develop and improve products. List of Partners vendors. To haggle is when two parties involved in a transaction such as the purchase of a good and service negotiate the price until both parties can mutually agree on a fair price. The process of haggling involves two parties making sequential offers and counteroffers to each other until a price is agreed upon. The individual trying to buy the good and service is trying to pay the least amount possible, while the seller's primary objective is to maximize the selling price.
Haggling also may go by the names bargaining, quibbling, dickering, or informal negotiating. The act of haggling has been around since ancient times and continues to this day. It is a common practice in real estate negotiations , car purchases, and at informal flea markets—while it is rarely used in retail settings such as at supermarkets, pharmacies, or brand-name clothing stores.
Not all transactions are open to bargaining. Both religious beliefs and regional customs may determine whether or not the seller is willing to engage in bargaining. Globally, haggling has different accepted levels of tolerance. In Europe and North America, haggling is generally accepted for larger ticket items like automobiles, jewelry, and real estate—but not for smaller day-to-day items like combs or a gallon of milk.
However, in other regions around the world, haggling for smaller items is generally accepted and is part of the culture. In these regions, children are taught to haggle at a young age to ensure that they are receiving the best-perceived deal when making any type of purchase.
The acceptance of haggling can also be determined by location. In department and grocery stores, haggling is often expressly prohibited, but at places like flea markets, outdoor marketplaces, and bazaars, haggling is accepted and encouraged.
Many consider haggling to be an art and a skill of persuasion rather than a rational economic activity. Various economic theories have been proposed to explain the process of haggling. The behavioral theory proposes that certain people have different personalities or dispositions toward negotiations rather than taking prices as they are given.
The game theory proposes solutions to bargaining problems as part of strategic action and can be interpreted as part of reaching a Nash Equilibrium. Haggling is also considered when considering retail pricing theory. Mainstream neoclassical economics, however, supposes that all market prices are jointly determined by supply and demand and so there would be no need for haggling since all prices would always reflect an equilibrium level.
Like this: Like Loading Published by bpwebbrian. Leave a Reply Cancel reply Enter your comment here Fill in your details below or click an icon to log in:.
Email required Address never made public. Name required. Follow Following. Sign me up. Already have a WordPress. Find out what the maximum cost should be by visiting fixed-price stores in hotels or museums, or by searching online. In Indonesian cities, you can get an idea of general price points by visiting mini-markets like Alfamart or Indomaret. This will give you leverage when you begin to bargain. Only approach the vendor when you are prepared to buy Put on your best poker face while browsing.
Act disinterested and ask the price of several items, not just the one you are eyeing. Give yourself a limit Decide how much you are truly willing to pay for something. So, when you reach that magic price, you can pull the bills out and say, 'This is really all the money I have'. Create a reason for a discount One of the most effective bargaining methods is to ask if buying multiple items together merits a discount. This is especially helpful when shopping for gifts. Shoppers more confident in their haggling skills can also try pointing out flaws or defects.
Just be careful not to insult the shop owner. Know when to walk away "Whether you are in an American car dealership or in the Middle East somewhere, the only real way to know what the rock-bottom price is is to walk away.
Act disinterested and slowly walk toward the door," instructs Morelli. Know when not to bargain "I might be tempted to pay more if I am buying directly from the artist, out of respect for that person.
0コメント