Outrageously Funny Word Dictionary :: Bargaining

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What is the definition of bargaining? 🙋

👉 Bargaining is a process where two or more parties engage in negotiations to reach an agreement on a mutually beneficial transaction. In this context, it refers to the act of making and accepting terms that are acceptable to both sides in order to resolve a dispute or conflict. Bargaining typically involves several steps: 1.

Initiation

: This is the initial exchange of information or proposals by the parties involved. 2.

Negotiation

: This stage involves discussing and exploring each other's positions,


bargaining

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