Definition, Meaning & Synonyms
bargaining-power
noun
/ˈbɑːrɡə:nɪŋ ˈpaʊər/
Definition
The ability of an individual or group to influence terms and conditions during negotiations, typically in a financial, labor, or contractual context.
Examples
- The union’s strong bargaining power helped secure better wages for the workers.
- In a competitive market, buyers may have more bargaining power than sellers.
- The company’s size gives it significant bargaining power when negotiating with suppliers.
Meaning
Bargaining power refers to the strength one party has in negotiations, which affects their ability to get favorable terms.
Synonyms
- Negotiating power
- Influence
- Leverage
