a collective bargaining situation that occurs when the parties are not able to move further toward a settlement, usually because one party is demanding more than the other will offer, is known as .

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09-12-2022
Business

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a collective bargaining situation that occurs when the parties are not able to move further toward a settlement, usually because one party is demanding more than the other will offer, is known as .

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rafikiedu04 rafikiedu04 · Answer 1 · 2022-12-15T13:30:40-05:00

A collective bargaining situation that occurs when the parties are not able to move further toward a settlement, usually because one party is demanding more than the other will offer, is known as an impasse.

In the social sciences, bargaining or haggling is a type of negotiation in which buyers and sellers of goods or services debate the price or nature of the transaction. If the negotiation leads to an agreement on the terms, the transaction will take place. Although the most obvious aspect of market bargaining is as an alternative pricing strategy to fixed pricing, it can also include making credit or bulk purchases and also serve as an important method of acquiring clients. [

Bargaining has largely disappeared in parts of the world where fixed-price retail stores are the most common place to buy goods. However, for expensive goods such as houses, antiques, collectibles, jewelry, and cars, bargaining can remain a matter of course.

Learn more about bargaining here

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