Think About It (Page 252) Can you think of a type of market where negotiation is less common and why? Class 7
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Think About It (Page 252) Can you think of a type of market where negotiation is less common and why? Class 7
Can you think of a type of market where negotiation is less common and why? Class 7
Answer:
Yes, a type of market where negotiation is less common is a retail market, like a grocery store, shoping malls, super market, company sale shops, shops with barcode system and digital billing and online shoping.
Here, prices are usually fixed, printed and seasonal discount percentage. The customers have to pay what is displayed. This makes shopping quick and easy, without the need for bargaining.