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- In business, the term "concession" can have different meanings depending on the context. Here are some possible meanings of the term:
- A concession agreement is a contract that gives a company the right to operate a specific business within a government's jurisdiction or on another firm's property, subject to particular terms1.
- A concession is a type of discount that is offered as a compromise or negotiation between two parties. It is a reduction in the price of a product or service that is given to a customer as a form of goodwill or compensation2.
- Concession can also refer to official permission to carry out a particular type of business, or to own or do work on a particular piece of property or land, given by a government or company3.
- In some cases, concession can refer to permission to sell something, especially in part of a store owned by someone else, or a business that sells something4.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.A concession agreement is a contract that gives a company the right to operate a specific business within a government's jurisdiction or on another firm's property, subject to particular terms. Concession agreements often involve contracts between the nongovernmental owner of a facility and a concession owner, or concessionaire.www.investopedia.com/terms/c/concessionagreem…A concession is a type of discount that is offered as a compromise or negotiation between two parties. It is a reduction in the price of a product or service that is given to a customer as a form of goodwill or compensation.thecontentauthority.com/blog/discount-vs-concessionofficial permission to carry out a particular type of business, or to own or do work on a particular piece of property or land, given by a government or company: The government plans to sell a 50-year concession to operate the southeastern rail line.dictionary.cambridge.org/us/dictionary/english/conc…permission to sell something, esp. in part of a store owned by someone else, or a business that sells something: A lot of movie theater profits come from their candy concessions.dictionary.cambridge.org/dictionary/english/conces… - People also ask
Concession Agreement: What It Is and How It Works - Investopedia
A concession agreement is a contract that gives a company the right to operate a specific business within a government's jurisdiction or on another firm's property, subject to particular terms. Concession agreements often involve contracts between the nongovernmental owner of a facility and a … See more
Also referred to as concession arrangements, concession agreements span various industries and come in many sizes. They include miningconcessions valued in the hundreds of millions of dollars, as well as small food and beverage … See more
Concession agreements are sometimes used to take advantage of other nations. For example, foreign countries and companies forced China to grant various concessions during the 19th century and the early 20th century. These concessions gave foreign entities … See more
At their best, concession agreements are a form of outsourcing that allows all parties to benefit from comparative advantage. Often, a country or … See more
For example, a concession agreement exists between the governments of France and the U.K. and two private companies regarding the Channel Tunnel. The British Channel Tunnel … See more
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Concession: Meaning of the Fee an Underwriter Receives
WEBApr 24, 2022 · In finance, a concession refers to the compensation an underwriter receives for managing the sale of stocks or bonds for a company. The underwriter is …
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WEBA concession is a type of discount that is offered as a compromise or negotiation between two parties. It is a reduction in the price of a product or service that is given to a customer as a form of goodwill or compensation.
Concession - Definition, Examples, Cases, Processes - Legal …
WEBMay 22, 2016 · Something conceded or granted by a government or other controlling authority. Origin. 1605-1615 Latin concēssiōn. What is a Concession Contract. In some …
Concession: what it is, types and how it differs from a ... - Ferrovial
WEBConcession is the action by which an Administration grants individuals or companies the right to exploit any of its goods or services for a specific period of time.
Concessions in Negotiation | Definition & Examples
WEBNov 21, 2023 · A concession refers to a deviation in an offer towards the other party's interest, thus reducing the expected benefits. In a negotiation, a party must be willing to give a...
Making Concessions in Business Negotiations: When and How to …
WEBAugust 1, 2023. In any business negotiation, you can expect to make concessions. Negotiating is all about give and take, so it’s important to learn how to exchange value in …
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WEBMay 20, 2024 · Great insights on negotiation strategies. Labeling concessions effectively communicates their significance, while demanding and defining reciprocity ensures a fair …
Concession Definition & Meaning - Merriam-Webster
WEBThe meaning of CONCESSION is the act or an instance of conceding (as by granting something as a right, accepting something as true, or acknowledging defeat). How to …
Negotiation Concession | Shapiro
WEBMar 1, 2023 · What are Concessions in Negotiation? A negotiation concession, also known as a “trade-off,” is the act of yielding or compromising. to reach a mutually beneficial …
Concessions in a Negotiation - The Business Professor, LLC
WEBApr 22, 2024 · The concession is a tactical tool that brings the parties together. One or more of the parties must make concessions to bring the bargaining range within the …
Concession Agreement: Definition & Sample - Contract Lawyers
WEBA concession agreement is a contract between a company and a government that allows the company to operate their business in a certain location. The agreement contains details about who each party is and what the goal of the concession agreement is.
Agreement: The Art of Negotiation: Mastering Concession …
WEBApr 13, 2024 · 1. Introduction to Concession Agreements. 2. Understanding the Importance of Negotiation Skills. 3. Identifying Your Interests and Priorities. 4. Researching and …
Concession Agreement - Explained - The Business Professor, LLC
WEBApr 19, 2024 · A concession agreement is a contract between two parties where one party grants the other the rights to operate a particular business under certain …
Business Skills: Make Concessions Strategically in Negotiation
WEBSep 27, 2021 · Make concessions strategically. Offering decreasing concessions is likely to get you more favorable counteroffers by signaling that you are nearing your bottom line. …
Concession: Definition and Examples (2022) - Contract Lawyers
WEBWhat is a Concession? We can define a concession as a discount or a benefit that the buyer or seller offers in order to help sell a home or other property and close the deal. …
Concession vs Consignment: When To Use Each One In Writing?
WEBA concession is a business arrangement where one party, known as the concessionaire, is granted the right to operate a business in a particular location or area. The …
CONCESSION | English meaning - Cambridge Dictionary
WEBCONCESSION definition: 1. something that is allowed or given up, often in order to end a disagreement, or the act of…. Learn more.
Concession (contract) - Wikipedia
WEBA concession or concession agreement is a grant of rights, land, property, or facility by a government, local authority, corporation, individual or other legal entity. [1] Public …
CONCESSION | definition in the Cambridge English Dictionary
WEBconcede. [ C ] COMMERCE. a small business that is allowed to sell goods, food, or services on property owned by someone else, for example, inside an airport or a large …
Concession - Definition, Meaning & Synonyms | Vocabulary.com
WEBa contract granting the right to operate a subsidiary business. synonyms: grant. see more. noun. a small business that operates in a larger business or public place. see more. …
CONCESSION definition and meaning | Collins English Dictionary
WEB2 days ago · A concession is an arrangement where someone is given the right to sell a product or to run a business, especially in a building belonging to another business. …
CONCESSION definition in American English | Collins English …
WEB3 days ago · A concession is an arrangement where someone is given the right to sell a product or to run a business, especially in a building belonging to another business. …
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