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Bought a nice business suit at bargain price

Bought a nice business suit at bargain price

You walk in a showroom in a by-lane of your city, interested to buy a business suit for yourself. You select a suit and the salesman offers you to try.
You make up your mind to buy but you find the price tag is missing. You inquire the price from salesman, who in turn asks his elder brother who is at the other end of shop. The elder salesman shouts out $300, which you hear but the junior sales man, you discover is hard of hearing and repeats the price $200 which is lower than what you heard.
You pay immediately $200 and walk out from the shop thinking that you got a bargain and saved $100.
What do you think happened here?
Photo Adaptation/ Pixabay/ free-photos-242387/
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Negotiation is an important life skill

We negotiate most of our waking hours. We negotiate with our team members, colleagues, bosses and vendors at work, with our kids, spouse and parents at home. We negotiate during buying or selling of an asset e.g. house, car and also conflict resolution and during salary negotiations. Negotiation is an important life skill and it contributes to our success.

If we do not negotiate well or don’t negotiate at all then there is a big chance that we are going to leave money on the table, which could have been ours. We often don’t negotiate because we feel it is inappropriate or feel uncomfortable and fear it.

“You don't get what you deserve. You get what you negotiate.” Chester Karrass