ECON
Thesis Final Report (long)

# B how much are the socks for s rs 35 per pair b i

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B: how much are the socks for? S: Rs 35 per pair B: I want to buy more so I will give Rs 25 per pair. S: how many do you want? B: 5 – 6 pairs S: Take it for Rs 30 163

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B: No I will give Rs 25 only S: Ok which one do you want? Buyer takes out 8 pairs and buys at Rs 25 each. Observation: The shopkeepers reduce the price if one buys more from them because they have others customers to deal with as well. So some shopkeepers don’t spend too much time on bargaining, either they agree on the customers price or just refuse to sell. OBSERVATION 12 Shop: Jewelers Shop B: How much is this locket set for? S: This one? It’s for Rs 500 B: Why so expensive? S: It is of good quality The buyer starts walking out of the stall S: Wait I will reduce the price The buyer does not stop. Observation : There are customers who don’t like to bargain, they ask prices and if they feel that the product is in their price range then they buy it otherwise they just walk out as they are not interested in bargaining. They prefer going to places where the prices are fixed. This also happens when a customer is at Sunday bazaar for entertainment purpose and just likes asking prices but has no intention of purchasing. OBSERVATION 13 Location: Shoe Shop A lady tries one shoe S: Do you want this baji? B: Wait I’m looking 164
B: How much are they for? S: Rs 350 Buyer leaves them and looks at others. S: What happened? B: Very expensive S: What do you want to pay? B: Let me look first. S: Ok I will reduce the price for you, give me Rs 300 B: Wait, let me have a look S: Ok take it for Rs 250 B: I don’t like these, wait let me see more S: I reduced the price and now you say you don’t like it (in a rude tone) Buyer walks off Seller gets angry at the buyer S: What’s the point of wasting time when you don’t want anything? Observation: A transaction takes place when both the buyer and seller agree to a price. Over here the seller was constantly decreasing the price but the buyer didn’t purchase the shoe. When the buyer was asked why she didn’t purchase the shoe, she didn’t give an answer. There could be some problem with the product (overheard from the buyer) OBSERVATION 14 Location: Bag shop 165

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Family is at the shop. Father tells his wife and daughters to choose bags. They look at the bags and only wife likes one bag and his daughters don’t like any bag. Husband: how much is this bag for? S: Rs 400 H: Reduce the price because we will buy more. S: Ok Rs 350 H: Give it for Rs 250; we will buy 4 of them S: Ok As the daughters don’t like any bag, the buyer only wants one now. S: I agreed to give 4 bags in Rs 250 and now you only want 1 so you will have to pay Rs 350. Buyers start to walk out S: This price is only for this time, if you come back the price will not be 350. H: we will first look at other shops S: But then the price will not be the same Buyers walk out of the stall Observation: The seller knows the art of bargaining and they even threat the customer that if they don’t buy now then they will not get this deal afterwards.
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• Fall '09
• NEUGEBOREN
• ........., Bargaining, Sunday Bazaar

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