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Actually a market is a place to negotiate prices. Seller-fixed prices are an American curiosity.
by judk 13y ago
Actually a market is a place to negotiate prices. Seller-fixed prices are an American curiosity.
- mooreds 13y agoFair enough. But even in negotiated transactions, the seller sets the final price that they will or won't accept.
- monksy 13y agoIn a fixed market the fixed price still remains the upper bound for the negotiation. [Until there are more demands outside of the predetermined terms]
- marcosdumay 13y agoExactly like the buyer.
- PeterisP 13y agoThe act of negotiation itself is a cost/fee that people would rather avoid - and for small purchases the need to negotiate is more costly than the actual product price. Lack of negotiation isn't a curiosity, it reduces friction of transactions - see item, point at it, give the money, you're done; which saves effort for both parties.