Difference between negotiation and bargaining

Posted By: Sm Adminon: December 06, 2015In: Miscellaneous

Negotiation:
Negotiation is the normal discussion between two persons to reach a mutual agreement. Here it is not about the only price but also the quality. It focuses on what is right or correct.
Bargaining:
Bargaining is the debate between buyer and seller for the price fixation which both of them agrees. It takes place for paying less price of a product rather than the marked price. It focuses on who is right.
Differences:

Basis	Negotiation	Bargaining
Definition (www.oxforddictionaries.com)	Discussion aimed at reaching an agreement	An agreement between two or more people or groups as to what each will do for the other
Objectives/Purpose	The objectives of negotiation are: certainty the best deal creation of the long term relationship between the parties
Synonyms	Agreement, discussion, transaction, compromise, debate and arbitration	Trading, dealings and haggling
Antonyms	Disagreement
Pronunciation	Eng (UK): / nɪɡəʊʃɪˈeɪʃ(ə)n / Eng (US): / nəˌɡōSHēˈāSH(ə)n /	Eng (UK): / ˈbɑːɡɪn / Eng (US): / ˈbärɡən /
Types	The two types of negotiation are: Distributive negotiation Integrative negotiation	The types of bargaining are: Charge bargaining Count bargaining Sentence bargaining Fact bargaining
Word origin	The word negotiation is firstly used in the 15th century.	It is firstly used in the 14th century. The word bargaining was derived from Middle English, from Anglo-French, from bargaigner.
Similarities	Negotiation is a technique that is not just for money and includes the quality and other features also.	Bargaining is a technique used by people, to pay less for a thing or service.
Usage	Its usage are: Objective of a negotiation Negotiation styles competition/Positional based negotiation cooperative/Interest based Negotiation
Advantages/Benefits	Some of its advantages are: It helps to maintain wage levels.	Some of its advantages are: It is flexible as well as not fixed or static. It includes the high risk of making bad deal.
Disadvantages	Its disadvantages are: None could be compelled to continue the negotiation. It cannot guarantee about the good faith and trustworthiness between the parties. Parties of unequal power and especially the weaker party are at the disadvantage.	Its disadvantages are: Innocence lost
Example in Sentence	She is expert at negotiation. Negotiation services help the consumer to get the best quality product at low cost.	Sometimes bargaining becomes useless. She is bargaining for the price of clothes.