Bargaining

Bargaining is the process of negotiation between two or more parties with the aim of reaching an agreement or settlement, often involving the exchange of goods or services and the negotiation of price or terms. It is commonly used in various contexts, including business transactions and interpersonal relationships.

Bargaining meaning with examples

• During the flea market, she practiced her bargaining skills to obtain the vintage dress at a more favorable price, negotiating back and forth until they reached an agreement that satisfied both parties.
• In business negotiations, effective bargaining can significantly impact the outcome of a deal; therefore, preparing for potential objections and formulating counteroffers is essential for success.
• The bargaining process between the labor union and the company management had been tense, with both sides holding firm on their demands before finally agreeing to a compromise that benefited employees.
• While some people feel uncomfortable with bargaining, others thrive on the challenge, finding joy in the art of negotiation and the satisfaction that comes from striking a favorable deal.
• Bargaining often varies across cultures; what may be considered a reasonable negotiation tactic in one society might be viewed as aggressive or inappropriate in another, underscoring the importance of cultural awareness.