1. Preparation stage of price negotiation: Before the negotiation officially starts, both parties need to do some preparatory work, including understanding the market price, understanding each other's needs and conditions, etc. At this stage, it is usually necessary to exchange information and data in order to make a decision in the negotiation.
2. Initial negotiation stage: In the initial stage after the price negotiation begins, both parties will preliminarily discuss the price and other commercial terms to determine each other's bottom line and their own bottom line. At this stage, the two sides usually hold several rounds of negotiations in order to find a relatively suitable price range.
3. Bargaining stage: After the preliminary negotiation, if the two sides still have differences, further bargaining is needed. At this stage, the two sides will discuss the specific price and other terms in depth to find a mutually acceptable solution.
4. Agreement stage: After both parties reach an agreement on terms such as price, they can sign a formal contract or agreement. After the agreement is reached, both parties need to fulfill the terms and obligations in the contract or agreement to ensure the smooth completion of the transaction.