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Showing posts with the label Negotiations

Negotiations

Word Meaning agent Person or company that acts for another and provides a specified service. agreement Arrangement between two or more people or companies. bargain price Reduced price bedrock price Lowest possible price. commitment Engagement or undertaking;  to commit oneself. compromise Each party gives up certain demands in order to reach an agreement. condition A stipulation or requirement which must be fulfilled. contract Written agreement between two or more parties. counter-offer Offer made in response to an offer by the other party. counter-productive Having the opposite effect to that intended. deal A business transaction. discount Reduction in price. estimate Approximate calculation of the cost. facilities Equipment (e.g. parking facilities). feasible Possible, something that can be done. figure out Find a solution;  estimate the cost. know-how Practical knowledge or skill. joint venture A way of entering a foreign market by joining with a foreign company to manufact...