Negotiation or bargaining dynamic pricing tactics involve adjusting prices based on real-time interactions and negotiations between buyers and sellers. This approach is commonly used in markets or industries where prices are not fixed and can be influenced by factors such as supply and demand, buyer's willingness to pay, and competition. Sellers may start with a higher price, expecting buyers to negotiate downwards, while buyers aim to secure a lower price through negotiation. This tactic allows for flexibility in pricing, enabling sellers to maximize profits by capturing consumer surplus from those willing to pay more while still closing sales with more price-sensitive customers. It requires skillful negotiation strategies from both parties to reach a mutually agreeable price point.