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.