Which of the following situations are likely to involve bargaining between the buyer and seller to determine pricing?

Question

Multiple select question.

at shops in countries with highly developed economies

in direct sales of business products

in the channels

at retail for expensive shopping products

in mass selling scenarios

Answer 1

The situations that are likely to involve bargaining between the buyer and seller to determine pricing are:

• In direct sales of business products: This often involves negotiation where specific terms, prices, and contracts may be discussed between the buyer and seller.

• At retail for expensive shopping products: Purchases of high-value items, such as cars or luxury goods, often allow for negotiation on pricing, especially in settings where haggling is accepted.

The other options, such as “at shops in countries with highly developed economies,” “in the channels,” and “in mass selling scenarios,” typically involve fixed pricing where negotiation is less common.