Haggling, also known as dickering, is the process of negotiating the price between a buyer and a seller to reach a mutually agreeable outcome.
An economic activity where one provides goods or services in exchange for money.
Definition and Explanation of a Factor: An agent employed to sell goods or merchandise consigned or delivered by or for a principal for compensation commonly called factorage, discount, or commission.
Retailing involves selling many different products and services, either from a store location or in direct selling through vending machines and in-home presentations, mail order, and so on.
Unloading refers to the act of selling off large quantities of merchandise or securities, typically below market prices, either to quickly raise cash or to avoid further losses.
In auctions, the Upset Price, also known as the Reserve Price, represents the minimum bid threshold set by the seller, below which no bids will be entertained.
