A pricing method which involves negotiation between the seller and potential buyer in determining the price for a product is

Assessment: WAEC SSCE - Marketing - 2017 (Objective) Subject: Marketing

Question 1 Report

A pricing method which involves negotiation between the seller and potential buyer in determining the price for a product is

Answer Details
The pricing method that involves negotiation between the seller and potential buyer in determining the price for a product is haggling pricing. In this method, the seller and buyer engage in a back-and-forth discussion to reach a mutually agreed-upon price for the product. This type of pricing is common in situations such as flea markets, car dealerships, and even in online marketplaces where buyers can make offers or negotiate with sellers. The final price is determined by how well the buyer and seller are able to negotiate and come to an agreement.
Read lesson note on Pricing (WAEC)
View Answer

Related Questions

1

The selling concept is practiced aggressively with
2

A paid form of non-personal presentation and promotion of products is
3

How many groups of buyer make an industrial market?
4

The first step in the marketing research process is
5

The reason label of product must contain ingredients and uses of the product is to
6

A method of engaging in international marketing by which a company gives another the right to use its patent and trademark for a fee is
7

Products that are purchased for use in the production, of goods for resale are
8

Which of the following is not a step of marketing research process?

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning