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  2. Allowing or giving up something
    something that is allowed or given up, often in order to end a disagreement, or the act of allowing or giving this:
    dictionary.cambridge.org/us/dictionary/english/conc…
    A negotiation concession, also known as a “trade-off,” is the act of yielding or compromising to reach a mutually beneficial agreement. It can include a variety of factors such as price, quantity, quality, delivery time, and deal terms.
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  3. People also ask
    What are concessions in negotiation?Concessions in negotiation involve relinquishing certain rights or a position in order to obtain something desirable from the other party. This give-and-take process, and the making of concessions, though reluctantly, are how deals are reached, and contracts made.
    What does it mean if someone makes a concession?If you make a concession to someone, you agree to let them do or have something, especially in order to end an argument or conflict. [...] Collins COBUILD Advanced Learner’s Dictionary. Copyright © HarperCollins Publishers You can use make with a wide range of nouns to indicate that someone performs an action or says something.
    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.
    oxfordlearnersdictionaries.com
    How does making a concession affect a deal?Making a concession in a negotiation means deviating from an initial offer towards the interest of a counterpart. This reduces the expected benefits but increases the chances of closing a deal. What is the effect of making concessions on negotiations? Both parties are brought to a common ground.
     
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  5. Concessions in Negotiation: The Strategy Behind …

    WEBFeb 27, 2023 · When to Make a Concession in Negotiation. Making concessions in a negotiation can be a powerful tool, but many …

  6. 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...

  7. CONCESSION definition | Cambridge Learner’s Dictionary

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  11. Concessions in a Negotiation - The Business Professor, LLC

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  15. concession noun - Definition, pictures, pronunciation and usage …

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