Can you think of a situation where the bargain would be unfair?
A bargain is considered unfair when one party exploits another's desperate situation, lack of information, or extreme vulnerability to dictate exploitative terms, such as charging an exorbitant price for life-saving medication. Other scenarios include monopolies dictating terms without market alternatives, or hiding crucial, detrimental terms in complex contracts.
How people bargain in the market can you think of an example?
People bargain in the market by saying the lower price of a product than what the seller charges. For example, Manu goes to 'Subji Mandi' in the evening. He asks the rate of potato to a vendor. The vendor says ten rupees per kg!
Common examples of bargaining include thoughts like “If only I had done more,” “What if we'd found help sooner?” or “I'd give anything for one more day.” These internal negotiations reflect a deep wish to change the outcome and are a normal part of processing shock, guilt, or longing after a major loss.
Why do people not bargain in shops located in malls whereas they bargain in weekly markets?
People don't bargain in shops located in malls whereas they bargain in weekly markets because of the following reasons: The shops located in malls are generally fixed-price shops. The goods available in shops located in malls are generally branded and are sold on a fixed profit margin.
Yes, you can bargain in the local shops in India if you feel like you are being overcharged for a product. However, if you feel that the money you are spending is worth the product, try not to haggle, as this is how the locals make their living.
When you're running at capacity, don't deal. Raise your prices instead. When the demands are unethical: Don't negotiate if your counterpart asks for something you cannot support because it's illegal, unethical, or morally inappropriate – for example, either paying or accepting a bribe.
More than 60% of Gen Z visits malls to socialize and 42% see it as a social activity. The mall is where they meet friends, discover new brands, and linger over meals. It's a space that allows them to mix commerce with connection, reinforcing its role as a modern-day town square.
Negotiating is not wrong but it's about being ethical & professional. The bargains usually lead to loss of all the time & efforts put in by the employer in finding the best fit, ultimately turning out to be a business loss.
Also, in the bargain. In addition, over and above what is expected. For example, The new researcher was an excellent chemist and a good programmer in the bargain, or It was very cold, and then rain and sleet were added into the bargain.
There are three main classification of bargaining topics: mandatory, permissive, and illegal. Wages, health and safety, management rights, work conditions, and benefits fall into the mandatory category. Permissive topics are those that are not required but may be brought up during the process.
Bargaining very often revolves around a single issue—usually price. Bargaining predominates in one-time negotiations, e.g. buying or selling a car or house when you don't intend on having an ongoing relationship. One side usually attempts to gain an advantage over another to obtain the best possible agreement.
Do you think all persons have equal rights to visit any shop in a market place?
Complete answer: Yes, it is true. The shops may have expensive or inexpensive products but the customers who enter those shops need not be wealthy to visit those shops. A customer is free to visit any shop of his choice and then make up his or her mind on whether to buy or not buy an item.
Markets can be physical, like a retail outlet, or virtual, like an e-retailer. Other examples include illegal markets, auction markets, and financial markets. The prices of goods and services in a market are determined by supply and demand.
While the dates are still a bit up in the air (some argue that the oldest Zoomers were born in 1995), the Pew Research Center defines members of Gen Z as anyone born between 1997 and 2012. That means the group spans ages 13 to 28 as of 2025.
What are the 5 advantages and disadvantages of the market?
Increased efficiency, productivity, fair competition, and innovation are key advantages of a market economy. On the other hand, the disadvantages of a market economy are intense competition, poor working conditions, environmental degradation, and economic disparities.
For example, if someone agrees to clean a bedroom in exchange for $50, that is a bargain. However, all bargains do not necessarily constitute contracts. If an agreement involves an illegal transaction or the consideration is insufficient or illegal, the bargain does not amount to a contract.
Price negotiable is a sales description of an item, product or service that has a price not firmly established. For example, a new or used vehicle has a suggested purchase price, though often it's negotiable, especially with factors like trade-in vehicles, financing or leasing.
