Mastering Bargaining Vocabulary

What does it mean to bargain?

• To bargain refers to the act of ignoring negotiations.

• To bargain is to accept the first price given.

• To bargain means to refuse any offers.

• To bargain means to negotiate the terms of a deal or agreement.

Define the term 'compromise'.

• A compromise is a unilateral decision made by one party.

• A compromise is a type of legal contract.

• A compromise is a method of negotiation that avoids conflict.

• A compromise is an agreement or settlement of a dispute that is reached by each side making concessions.

What is a discount?

• A discount is a guarantee of product quality.

• A discount is a type of tax applied to purchases.

• A discount is a reduction in the price of a product or service.

• A discount is a fee added to the price of a product or service.

How would you describe the act of arguing?

• The act of arguing is a process of exchanging differing viewpoints through reasoning and debate.

• The act of arguing is a silent agreement between parties.

• Arguing is simply stating your opinion without listening to others.

• The act of arguing involves only shouting and insults.

What does it mean to haggle?

• To haggle means to refuse to negotiate any price.

• To haggle means to sell an item at a fixed price.

• To haggle means to negotiate the price of something.

• To haggle means to buy something without paying.

What is a concession in negotiations?

• A concession is a tactic to avoid negotiations altogether.

• A concession is a compromise made during negotiations.

• A concession is a demand made during negotiations.

• A concession is a final agreement without any compromises.

Explain the concept of bartering.

• Bartering is a form of currency exchange.

• Bartering is the exchange of goods or services directly for other goods or services without using money.

• Bartering is the sale of goods at a discount.

• Bartering involves using credit cards for transactions.

How can one convince someone effectively?

• Understand their perspective, present logical arguments, use emotional appeal, establish trust, and engage in dialogue.

• Make baseless accusations

• Ignore their concerns

• Use aggressive tactics

What does it mean to persuade?

• To persuade is to entertain an audience.

• To persuade is to inform someone about a topic.

• To persuade is to convince someone to accept a particular viewpoint or take a specific action.

• To persuade is to ignore someone's opinion.

What is typically involved in a sale?

• Bartering goods without money exchange.

• Exchange of goods or services for money.

• Offering services without any compensation.

• Selling items without a transaction record.