| WORD |
MEANING |
| 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 (for example, parking facilities). |
| Feasible |
Possible, something that can be done. |
| Figure out |
Find a solution; calculate or 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 in order to reach an agreement. |
| Point out |
Draw attention to something (for example, 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 |
A written offer to execute work or supply goods at a fixed price. |
| Turnkey |
Equipment ready for use or operation (for example, a plant
or factory). |
| Underestimate |
Make too low an estimate of something (cost, danger,
difficulty). |
| Work out |
Calculate (the price of something); find a
solution. |
