Definitions
There is 1 meaning of the phrase
Bargaining Cost.
Bargaining Cost - as a noun
The costs required to come to an acceptable agreement with the other party to the transaction, drawing up an appropriate contract and so on.
Example Sentences
"The bargaining cost of negotiating a contract with the supplier was higher than anticipated."
"Reducing bargaining costs can help improve efficiency in the procurement process."
"Higher bargaining costs often lead to longer negotiation periods."
"The company decided to outsource the negotiation process to minimize bargaining costs."
"Effective communication plays a crucial role in reducing bargaining costs."
