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(i) Recommending or fixing by a producer: A producer may determine the prices of their products and recommend or even require that they be sold at those prices.
(ii) Auction: Product is offered for sale to the members of the public and the highest bidder becomes the buyer.
(iii) Haggling/ bargaining: Buyer and seller negotiate over the price.
(iv) Tendering: Public is invited to make bids for the supply or sale of a particular product. The person who offers the most reasonable/ lowest price usually wins the tender.
maurice.mutuku answered the question on June 28, 2017 at 12:13
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