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NEGOTIATIONS | ||
| Agent | Person or company that acts for another and provides a specified service |
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| 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 | |
