Whois & Analysis for vroom.com

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.

In contract law, a warranty has various meanings but generally means a guarantee or promise which provides by one party to the other party that specific facts or conditions are true or will happen.

This factual guarantee may be enforced regardless of materiality which allows for a legal remedy if that promise is not true or followed.

International trade is the exchange of capital, goods, and services across international borders or territories.

It is the exchange of goods and services among nations of the world.

In most countries, such trade represents a significant share of gross domestic product (GDP).

While international trade has existed throughout history (for example Uttarapatha, Silk Road, Amber Road, scramble for Africa, Trail of tears, Atlantic slave trade, salt roads), its economic, social, and political importance has been on the rise in recent centuries.

A car is a wheeled, self-powered motor vehicle used for transportation and a product of the automotive industry.

Most definitions of the term specify that cars are designed to run primarily on roads, to have seating for one to eight people, to typically have four wheels with tyres, and to be constructed principally for the transport of people rather than goods.

The year 1886 is regarded as the birth year of the modern car.

In that year, German inventor Karl Benz built the Benz Patent-Motorwagen.

Cars did not become widely available until the early 20th century.

One of the first cars that was accessible to the masses was the 1908 Model T, an American car manufactured by the Ford Motor Company.

Cars were rapidly adopted in the United States of America, where they replaced animal-drawn carriages and carts, but took much longer to be accepted in Western Europe and other parts of the world.

Trade, or commerce, involves the transfer of goods and/or services from one person or entity to another, often in exchange for money.

A network that allows trade is called a market.