Offer: A proposal presented by one party to another to buy or sell goods or services at a specified price.
I’d like to make an offer of $200 for this piece of artwork.
Counteroffer: A response to an initial offer, presenting alternative terms in a negotiation.
After hearing my initial price, the seller made a counteroffer of $180.
Quotation (or Quote): A fixed price offered for a product or service.
Could you provide me with a quotation for the total cost of all the services?
Bargain: An agreement between two or more parties on the price of a product or service; also refers to something bought or offered at a price advantageous to the buyer.
After some discussion, we struck a bargain at a much lower price than expected.
Haggle: To negotiate the price of something in an attempt to lower it.
I enjoy haggling with vendors at the market to get the best deal possible.
Concession: Something given up or agreed to in negotiating, usually to reach an agreement.
The seller made a concession by including free shipping to close the deal.
Compromise: An agreement in a negotiation where each side makes concessions.
We reached a compromise where both of us felt comfortable with the final price.
Final offer: The last and non-negotiable proposal made by a party.
This is my final offer, and I cannot go any lower than this price.
Value for money: Getting the best possible deal or return in relation to the money spent.
This car provides great value for money considering all its features and reliability.
Markup: The amount added to the cost price of goods to cover overhead and profit.
The markup on these products seems a bit high; can we discuss a possible discount?
Starting price: The initial price suggested at the beginning of a negotiation.
The starting price is $500, but I am willing to consider your counteroffers.
Best price: The lowest price a seller can offer.
What’s the best price you can give me if I buy these in bulk?
Price range: The spread between the highest and lowest price that can be charged for a product or service.
Can you provide me with the price range for your various models?
Price point: A potential price for a product or service, usually used in reference to various pricing options.
We need to consider different price points to attract a broader range of customers.
Bulk discount: A reduction in the price of goods when purchased in large quantities.
We offer a 15% bulk discount for orders over 100 units.
Reasonable: Fair and sensible in terms of price or expectations.
Your asking price is quite reasonable, considering the quality of the materials used.
Negotiate: To discuss something formally in order to reach an agreement, especially in business or trade.
We need to negotiate the terms of the contract carefully to ensure both parties benefit.
Economical: Providing good value or service in relation to the amount of money, time, or effort spent.
This printer is not only affordable but also economical in its ink usage.
Exorbitant: (of a price or amount charged) unreasonably high.
The fees you’re asking for this service are exorbitant, can we discuss lowering them?
Overpriced: Too expensive; not worth the price.
I like the jacket, but it’s seriously overpriced for what it is.
Undervalued: Considered to be worth less than its actual value.
This vintage car is being sold at an undervalued price, which makes it a great buy.
Profit margin: The difference between the cost of producing something and the price at which it is sold, representing the profit.
We need to maintain a healthy profit margin to sustain our business.
Leverage: The power to influence a person or situation to achieve a particular outcome.
We can leverage our large order size to negotiate a better price per unit.
Understanding and using these words and phrases effectively can greatly enhance your ability to negotiate prices, whether in personal shopping, business procurement, or sales scenarios. Negotiating is not just about getting the lowest price but also about finding a fair balance where all parties feel they have received value.
