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NEGOTIATIONS
Vocabulary
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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 |
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Bargain price |
Reduced price |
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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 |
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Deal |
A business transaction |
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Discount |
Reduction in price |
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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 |
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Supplier |
Person or company that supplies goods or services |
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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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