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  2. Dictionary

    con·ces·sion
    [kənˈseSHən]
    noun
    concession (noun) · concessions (plural noun)
    1. a thing that is granted, especially in response to demands; a thing conceded:
      "the strikers returned to work having won some concessions"
    2. a preferential allowance or rate given by an organization:
      "tax concessions"
    3. the right to use land or other property for a specified purpose, granted by a government, company, or other controlling body:
      "new logging concessions"
    Origin
    late Middle English: from Latin concessio(n-), from the verb concedere (see concede).
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  3. People also ask
    Can a business operate a concession in another business?An individual or business is granted a license to run a subsidiary business within another business's premises when they operate a concession. For example, a local butcher operates a concession in the large general food store. The company won the concession for 7 new stores at the airport.
    What is a concession in business?In business, a concession can refer to the granting of a right or privilege to another party, such as a company granting a concession to a vendor to sell their products in a specific location. In politics, a concession can refer to a politician conceding defeat in an election or agreeing to a compromise in a negotiation.
    What does “concession” mean in a sentence?The word “concession” is a noun that refers to something that is granted or given up. It can also mean a reduction in the price of something or a compromise made in an argument or negotiation. Here are some examples of how to use “concession” in a sentence:
    What does it mean if a company is forced to make concessions?Making concessions refers to something that you allow or do, or allow somebody to have, in order to end an argument or to make a situation less difficult. The firm will be forced to make concessions if it wants to avoid a strike. She made no concession to his age; she expected him to work as hard as she did.
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