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 manufacture or market a product or service. |
| negotiate | Discuss a business deal in order to reach an agreement. |
| point out | Draw attention to something (e.g. the advantages of your proposal). |
| proposal | Course of action, or plan, put forward for consideration; to make a proposal. |
| quote | Give an estimated price (a quotation). |
| range | A selection of products sold by a company. |
| rebate | Reduction or discount. |
| supply | Provide customers with goods or services. |
| supplier | Person or company that supplies goods or services. |
| tender | A written offer to execute work or supply goods at a fixed price |
| turnkey | Equipment ready for use or operation (e.g. a plant or factory). |
| underestimate | Make too low an estimate of something (cost, danger, difficulty). |
| work out | Calculate (e.g. price of something); find a solution. |
Friday, December 9, 2016
Negotiations
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