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Thesis Final Report (long)

Observation profit and bargaining margin on used

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Unformatted text preview: Observation: Profit and bargaining margin on used items is huge. Sellers even come down to 50% of the quoted price to sell their products. Buyers are also aware of this fact that seller always quotes high prices and they will have to reduce it to at least half of the quoted price. OBSERVATION 6 Shop: Ladies garments (Shirts, pants etc) 158 2 ladies come into the shop B1: Are these clothes used or new? S: Every single piece in my shop is new. B1: Ok show me that shirt. B2: This is very nice. How much for this? S: Rs 250 B1: Ok I am buying this. B2: Give one to me too B1: How much are these trousers for? S: Rs 350 baji B1 to B2: These are so cheap, I am buying for my gym B1: Give me this black and pink B2: Give me this blue one B2: That red shirt is also nice. Is it for 250 as well? S: Yes B2: Give me that as well Shopkeeper gives all the items they chose and tells them the total. The girls didn’t even check the total, just paid and left. Observation: Due to its location Sunday market also attracts rich people who hardly go to Zainab market and find Sunday bazaar very cheap. Price is not an important factor in their decision; they just pay the quoted price to the seller and leave. 159 OBSERVATION 7 Shop: Used bags Buyer 1 = A pathan women who is already at the shop holding a bag and seems willing to buy the bag.. Buyer 2 = Another female customer who comes to this shops and asks the prices of the same bag B2: Is this bag new or old? S: Its old but in a very good condition and its imported as well as branded. B2: What’s the price? S: Rs 350 B2: Reduce the price; I just want to use this as a shoe bag S: Keep whatever you want but this lady is willing to buy it in Rs 350 B2: Ok show it to me B1 who was holding the bag said I am buying it. She gave Rs 350 to the seller. Seller apologized to B2 Observation: Sometimes 2 buyers want the same thing and this is the time when the buyer takes advantage of the situation. This results in less bargain and good profit margin for the seller. The seller doesn’t indulge in bargaining and sells the product to the one who is paying a higher price. OBSERVATION 8 Shop: New branded copy bags Girl asks for the price of a bag which is hanging and the seller shows her the bag. S: First see what the quality of the bag is. B: what is the color range that is available? S: (Points to a corner) They are all displayed; brown, black and white B: what is the price of the black one? 160 S: It is for Rs 3500 only B: I haven’t come here for the first time, I know the price range and I am your regular customer. Do you see this bag which I am using, I bought it from you. S: Baji but there is difference in quality. B: Ok tell me what your last price is? S: Price is perfect baji, Rs 3500 is fine....
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Observation Profit and bargaining margin on used items is...

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