Bargaining Meaning: Definition, Examples, and Translations
๐ฐ
bargaining
[หbษหrษกษnษชล ]
Definitions
in negotiation
Bargaining refers to the process of negotiating the terms of a transaction or agreement between two or more parties. It involves making offers, counteroffers, and concessions in order to reach a mutually acceptable deal.
Synonyms
deal-making, haggling, negotiation.
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| bargaining |
Used to describe the process of discussing terms in a general sense, often in financial or commercial transactions. Can be applied to various scenarios where two parties are trying to reach an agreement.
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| negotiation |
A broad term that encompasses the overall process of discussions aimed at reaching an agreement. It is used in a variety of contexts, including business, law, and daily life, and does not necessarily imply a financial component.
|
| haggling |
Specifically describes the back-and-forth negotiation over prices, often in a more informal or market-like setting. It suggests a more drawn-out, contentious process and may carry a slightly negative connotation.
|
| deal-making |
Refers to the process of creating agreements or contracts, often within a business or political environment. It emphasizes the act of closing deals and is frequently used in professional and corporate settings.
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Examples of usage
- The bargaining between the union and management took several weeks before they reached a compromise.
- She engaged in bargaining with the vendor to get a better price for the product.
- Effective bargaining skills are essential in business negotiations.
- The art of bargaining involves finding a middle ground that satisfies both parties.
- Successful bargaining requires good communication and compromise.
in negotiation
To bargain is to engage in negotiations with the aim of reaching an agreement. It often involves discussing terms, prices, or conditions in order to come to a mutually beneficial arrangement.
Synonyms
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| bargaining |
Used in general situations where two parties are trying to agree on the terms of an exchange, often involving price adjustments.
|
| negotiate |
Formal term generally used in professional or diplomatic contexts where parties are trying to reach an agreement through discussion.
|
| haggle |
Used more informally and often implies a contentious or competitive form of negotiation, typically over price. It has a slight negative connotation.
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| deal |
Appropriate when referring to an agreement between parties, often in a commercial or business context.
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Examples of usage
- They bargained for a lower price on the car before finalizing the purchase.
- We are still bargaining with the contractor over the terms of the renovation project.
- She bargained with the seller to include free shipping with the purchase.
- If you want a discount, you'll need to bargain with the salesperson.
- The customer bargained for a refund after receiving a defective product.
Translations
To see the translation, please select a language from the options available.
Interesting Facts
Cultural Practices
- Bargaining is a common practice in many cultures around the world, especially in markets and bazaars.
- In some cultures, negotiating is seen as a sign of respect and engagement, while in others it may be viewed as unnecessary.
- Bargaining can also vary by context; for example, people may negotiate prices differently for cars than for street food.
Psychology
- Effective bargaining often involves understanding psychological tactics, such as building rapport and creating urgency.
- People tend to rely on cognitive biases, such as anchoring, where the first price mentioned influences the negotiation.
- Emotions play a significant role; feeling comfortable and confident can lead to better bargaining outcomes.
Economics
- Bargaining can influence market dynamics, where the supply and demand curves interact at the negotiation table.
- Labor negotiations often involve bargaining between employees and employers, affecting wages and working conditions.
- The term is crucial in behavioral economics, highlighting how people make decisions based on perceived value during negotiations.
Literature
- Bargaining is a recurring theme in literature, often representing characters' desires and conflicts in stories.
- In many fables and folklore, bargaining highlights moral lessons, such as fairness or the consequences of greed.
- Classic literature often illustrates intricate bargaining scenes that define character relationships and plot developments.
Origin of 'bargaining'
Main points about word origin
- The word comes from the Old French 'baraginer,' meaning 'to haggle or negotiate'.
- It first appeared in English around the 15th century, reflecting the importance of trade in society.
- Initially, it referred to discussions about payment and value in medieval markets.
The word 'bargaining' originated from the Old French word 'bargaignier', meaning to haggle or barter. It has been used in English since the 14th century to describe the process of negotiating terms or prices. Bargaining plays a significant role in various aspects of life, from business transactions to personal interactions, and is often seen as a crucial skill in achieving favorable outcomes.
See also: bargainable, bargains.