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When you say they, who are you talking about? Western or Indian consumers? Auctions aren't the same as bargaining. Auctions have a lower price that is constant
by monksy 8y ago
When you say they, who are you talking about? Western or Indian consumers?
Auctions aren't the same as bargaining. Auctions have a lower price that is constantly going up. It just helps to reveal the max that a buyer will pay.
- Scoundreller 8y agoBoth groups. Bargaining is a waste of time if you have alternatives that don’t require it to get a good price. Auctions has buyers that are willing to pay more up until a point. Negotiating at the market has a seller that is willing to pay less up until a point. The same rules largely apply.