Bargaining is a type of negotiation in which the buyer and
seller of a good or service dispute the price which will be paid and the exact
nature of the transaction that will take place, and eventually come to an
agreement. It is very prevalent in many parts of the world, although less
prevalent in Europe and North America. In the regions where it is common, only
certain transactions are considered appropriate for bargaining. Context
determines the appropriateness; for instance, a comfortable and air-conditioned
store may not allow bargaining, but a stall in a bazaar or marketplace may. In
some areas, the phrase fixed price indicates that bargaining is not allowed.
In finance and economics, discounting is the process of finding the present
value of an amount of cash at some future date, and along with compounding cash
forms the basis of time value of money calculations. The discounted value of a
cash flow is determined by reducing its value by the appropriate discount rate
for each unit of time between the time when the cashflow is to be valued to the
time of the cash flow. Most often the discount rate is expressed as an annual
rate.
((SITE MAP))
|
|