Chaffering is the act of negotiating terms, especially prices, in a transaction, often involving haggling or bargaining. It implies a back-and-forth exchange where each party attempts to get the most favorable outcome. chaffering can be informal, like negotiating with a street vendor, or more formal, such as in business mergers or acquisitions. It's a dynamic process, demanding skilled communication, persuasion, and a willingness to compromise to achieve an agreement satisfactory to all involved. The goal is typically to reach a deal, often involving changes to initial offers, until a mutually acceptable exchange of goods, services or conditions is reached.
Chaffering meaning with examples
- At the bustling marketplace, the tourists enjoyed the vibrant experience of chaffering with the local vendors for souvenirs. Each skillful negotiation led to lower prices, and the joyful haggling created a lively atmosphere. Their persistence and good-natured bargaining often saw them obtaining unique treasures, deepening their connection to the culture and adding to the holiday excitement.
- The used car salesman was known for his expertise in chaffering. He would skillfully navigate the negotiation process, leveraging his knowledge of vehicle values and customer needs to secure the best possible deal. His persuasive techniques often resulted in sales. The customers, whether buying or trading, were rarely sure if they were the winners or not in this process.
- During the property's sale, the potential buyers spent weeks in an intense round of chaffering over the price and various conditions of the contract. There were many rounds of offers and counteroffers, inspections and requests for repairs, and a lot of give and take until both sides finally felt they had reached a fair agreement that everyone could live with.
- The art collector found immense pleasure in the sophisticated chaffering with experienced gallery owners. His refined understanding of the artwork, his astute judgment of its condition, and his meticulous negotiation of the selling price allowed him to acquire remarkable pieces. It's a skilled and artful process that made him a discerning and respected collector.