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19 relations: Bargaining, Collective bargaining, Collective buying power, Competition (economics), Deterrence theory, Game theory, Inequality of bargaining power, Insurance, Intra-household bargaining, Labour economics, Market share, Monopoly, Monopsony, Negotiation, Neil W. Chamberlain, Number, Porter's five forces analysis, Purchasing power, Settlement conference.
Bargaining
Bargaining or haggling is a type of negotiation in which the buyer and seller of a good or service debate the price and exact nature of a transaction.
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Collective bargaining
Collective bargaining is a process of negotiation between employers and a group of employees aimed at agreements to regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights for workers.
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Collective buying power
Collective buying power is a coming together of a group of consumers and the use of the old rule of thumb, there's power in numbers, to leverage the group size in exchange for discounts.
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Competition (economics)
In economics, competition is a condition where different economic firmsThis article follows the general economic convention of referring to all actors as firms; examples in include individuals and brands or divisions within the same (legal) firm.
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Deterrence theory
Deterrence theory gained increased prominence as a military strategy during the Cold War with regard to the use of nuclear weapons.
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Game theory
Game theory is "the study of mathematical models of conflict and cooperation between intelligent rational decision-makers".
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Inequality of bargaining power
In law, economics and the social sciences, inequality of bargaining power is where one party to a "bargain", contract or agreement, has more and better alternatives than the other party.
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Insurance
Insurance is a means of protection from financial loss.
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Intra-household bargaining
Intra-household bargaining refers to negotiations that occur between members of a household in order to arrive at decisions regarding the household unit, like whether to spend or save, whether to study or work.
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Labour economics
Labour economics seeks to understand the functioning and dynamics of the markets for wage labour.
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Market share
Market share is the percentage of a market (defined in terms of either units or revenue) accounted for by a specific entity.
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Monopoly
A monopoly (from Greek μόνος mónos and πωλεῖν pōleîn) exists when a specific person or enterprise is the only supplier of a particular commodity.
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Monopsony
In economics, a monopsony (from Ancient Greek μόνος (mónos) "single" + ὀψωνία (opsōnía) "purchase") is a market structure in which only one buyer interacts with many would-be sellers of a particular product.
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Negotiation
Negotiation comes from the Latin neg (no) and otsia (leisure) referring to businessmen who, unlike the patricians, had no leisure time in their industriousness; it held the meaning of business (le négoce in French) until the 17th century when it took on the diplomatic connotation as a dialogue between two or more people or parties intended to reach a beneficial outcome over one or more issues where a conflict exists with respect to at least one of these issues.
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Neil W. Chamberlain
Neil Cornelius Wolverton Chamberlain (May 18, 1915 – September 14, 2006) was an American economist who was the Armand G. Erpf Professor of Modern Corporations of the Graduate School of Business at Columbia University.
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Number
A number is a mathematical object used to count, measure and also label.
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Porter's five forces analysis
Porter's Five Forces Framework is a tool for analyzing competition of a business.
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Purchasing power
Purchasing power (sometimes retroactively called adjusted for inflation) is the number and quality or value of goods and services that can be purchased with a unit of currency.
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Settlement conference
A settlement conference is a meeting between opposing sides of a lawsuit at which the parties attempt to reach a mutually agreeable resolution of their dispute without having to proceed to a trial.
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