What does "name his own price" mean?
Sometimes presented as NYOP, name your own price, is a sales strategy that allows customers to indicate prices that are willing to pay for good or service, and ask the provider or supplier to agree with this price. This specific approach to business has existed for centuries and has its roots in the development of coins and other forms of Acentla. Providers will sometimes respond positively to the price of the consumer, which will allow the transaction to continue. If the Provider is not willing to honor this price, both parties may decide to negotiate the sale price until the amount that everyone can agree on is.
The basic process associated with the scenario of its own price is that the buyer proceeds to the seller with respect to a specific product. At this point, the buyer will submit a specific price to the seller, and this number of the barley thatThe buyer is willing to pay for the purpose of acquiring the property of this product. The seller considers the price and decides whether it is acceptable. When the seller approves the amount, the buyer can offer payment and receive the purchased product. If the buyer's price is unacceptable to the seller, both parties enter the period of the offer and countermeasures until they can agree on the selling price. As an alternative, these two parties may decide not to complete any negotiations and ending of communication.
The name strategy Your own price was common in a number of sales situations. Individuals who make sale in the garden are often open to buyers who present a different price than the seller. Similarly, many retailers in flea markets will also entertain prices named by potential buyers. In the auction situation, candidates have control of prices that are willing to submit for items offered for the event, although many auctioners will require a minimum offer KTErá must be fulfilled to win the item by one of the applicants.
With the advent of the Internet, new forms of name have been developed. For example, there are a number of websites that allow the buyers to name their own prices for accommodation in the hotel, air and rail reservations and even car rental. Non -profit organizations can also use the name of their own approach to their own price by offering online quiet auctions or private sending prices for a wide range of donated goods, allowing organizations to raise funds to support their causes.