Whois & Analysis for realdealhut.com

In economics, goods are materials that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product.

A common distinction is made between goods that are tangible property, and services, which are non-physical.

A good is a consumable item that is useful to people but scarce in relation to its demand, so that human effort is required to obtain it.

In contrast, free goods, such as air, are naturally in abundant supply and need no conscious effort to obtain them.

In ordinary usage, price is the quantity of payment or compensation given by one party to another in return for goods or services.

Inventory or stock means to the goods and materials that a business holds for the ultimate goals to have a purpose of resale (or repair).

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.