bargaining power

Language: en

📖 Definitions

  1. The ability of one party in a negotiation to influence the outcome or terms, typically due to possessing leverage such as unique resources, market position, or alternatives.; The relative strength of an individual or group in determining wages, prices, or conditions during collective bargaining or commercial transactions.; The capacity to make demands and have them accepted in a relationship or business deal.

💬 Examples

  1. The increase shows a shift in bargaining power.

  2. Unions gained significant bargaining power after the strike.

  3. As the sole supplier, she held all the bargaining power.