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NEGOTIATIONS Vocabulary
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NEGOTIATIONS
Vocabulary
 

    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 or contract 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   An offer, in writing, to execute work or supply goods at a fixed price
    Turnkey   Describes equipment ready for use or operation
  (e.g. plant or factory)
    Underestimate   Make too low an estimate of something (cost, danger, difficulty)
    Work out   Calculate (e.g. the price of something);  find a solution

 
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