Tag: transaction

The Buyer’s Bargaining Power

As a teenager I remember accompanying mum to a local market on several occasions, mostly for clothing or food shopping. She would go from one shop/vendor to the other, trying to get a fair price and also asking questions about new products. To me then: it was unnecessary, time-wasting and tedious. And on few occasions we got insulted and chased away. But unknown to me, this was a skilled bargainer at work; surveying the market, getting necessary information, and often time than not, we got a lower price for most items.

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