Whois & Analysis for fyndhere.com

Retail is the process of selling consumer goods or services to customers through multiple channels of distribution to earn a profit.

Retailers satisfy demand identified through a supply chain.

The term "retailer" is typically applied where a service provider fills the small orders of a large number of individuals, who are end-users, rather than large orders of a small number of wholesale, corporate or government clientele.

Shopping generally refers to the act of buying products.

Sometimes this is done to obtain final goods, including necessities such as food and clothing; sometimes it takes place as a recreational activity.

Recreational shopping often involves window shopping and browsing: it does not always result in a purchase.

Bargaining or haggling is a type of negotiation in which the buyer and seller of a good or service debate the price and exact nature of a transaction.

If the bargaining produces agreement on terms, the transaction takes place.

Bargaining is an alternative pricing strategy to fixed prices.

Optimally, if it costs the retailer nothing to engage and allow bargaining, s/he can divine the buyer's willingness to spend.

It allows for capturing more consumer surplus as it allows price discrimination, a process whereby a seller can charge a higher price to one buyer who is more eager (by being richer or more desperate).

Haggling has largely disappeared in parts of the world where the cost to haggle exceeds the gain to retailers for most common retail items.

However, for expensive goods sold to uninformed buyers such as automobiles, bargaining can remain commonplace.