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   concession

   /kənˈsɛʃn/

   noun

   • 1. a thing that is granted, especially in response to demands: "the government was unwilling to make any further concessions" Similar compromiseadjustmentmodificationallowanceexceptionpoint concededpoint lostforfeitsomething surrenderedinformal:sop
   • ▪ the action of conceding or granting something: "this strict rule was relaxed by concession" Similar admissionacknowledgementacceptancerecognitionconfessionsurrenderyieldinggiving upcedingrelinquishmentsacrificehandoverrare:cessionOpposite denialretentionacquisition
   • ▪ a gesture made in recognition of a demand or prevailing standard: "her only concession to fashion was her ornate silver ring"
   • 2. a preferential allowance or rate given by an organization: "tax concessions"
   • ▪ a reduction in the price of something for a certain category of person: British "railcard holders can obtain concessions" Similar reductioncutdiscountdeductiondecreaserebatedepletion allowanceinformal:tax break
   • 3. the right to use land or other property for a specified purpose, granted by a government, company, or other controlling body: "new logging concessions" Similar rightprivilegefavourlicencepermitfranchisewarrantauthorization
   • ▪ a commercial operation set up by agreement within the premises of a larger concern: "the concessions will offer photo processing and a pharmacy"
   • ▪ the right, given by a company, to sell goods, especially in a particular place.
   • ▪ a piece of land into which surveyed land is divided. Canadian

   Word Origin late Middle English: from Latin concessio(n-), from the verb concedere (see concede).

   Scrabble Points: 14

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2. People also ask

   How do you explain a concession?

   • By doing so, you clarify that a concession was, in fact, made. For example, the manufacturer could have explained the effect of a 3 percent wage increase on his firm’s bottom line or discussed how difficult it would be for him to justify it to his board of directors. Second, emphasize the benefits to the other side.

   Four Strategies for Making Concessions in Negotiation

   www.pon.harvard.edu/daily/negotiation-skills-daily/four-strategies-for-making-concessions/

   See all results for this question

   How do you make concessions work to your best advantage?

   • In this article, Deepak Malhotra, a professor at Harvard Business School and PON-affiliated faculty member, suggests four ways to make your concessions work to your best advantage. 1. Label Your Concessions In negotiation, don’t assume that your actions will speak for themselves.

   Four Strategies for Making Concessions in Negotiation

   www.pon.harvard.edu/daily/negotiation-skills-daily/four-strategies-for-making-concessions/

   See all results for this question

   When is a concession contingent?

   • A concession is contingent when you state that you can make it only if the other party agrees to make a specified concession in return. For example, if the executive was renegotiating a service contract with a customer, he might suggest that a requested concession is impossible given the current contract but possible under certain conditions.

   Four Strategies for Making Concessions in Negotiation

   www.pon.harvard.edu/daily/negotiation-skills-daily/four-strategies-for-making-concessions/

   See all results for this question

   What is a domestic abuse concession?

   • This concession provides a short period of independent immigration status and financial support to certain partners who are victims of domestic abuse, allowing them to leave an abusive relationship to a position of safety and support.

   Migrant victims of domestic abuse concession (accessible)

   www.gov.uk/government/publications/victims-of-domestic-violence/migrant-victims-of-domestic-abuse-concession-accessible

   See all results for this question

   How do you negotiate a concession?

   • To increase the likelihood that you get something in return for your concession, try to explicitly—but diplomatically—demand reciprocity. For example, consider the following negotiation between an IT services firm and a client.

   Four Strategies for Making Concessions in Negotiation

   www.pon.harvard.edu/daily/negotiation-skills-daily/four-strategies-for-making-concessions/

   See all results for this question

   What are the three goals of a concession statement?

   • Notice that this statement achieves three goals. First, it labels the concession (“This isn’t easy for us, but we’ve made some adjustments …”). Second, it tactfully demands reciprocity (“We expect that you are now in a better position to make some changes …”).

   Four Strategies for Making Concessions in Negotiation

   www.pon.harvard.edu/daily/negotiation-skills-daily/four-strategies-for-making-concessions/

   See all results for this question

3. www.pon.harvard.edu › daily › negotiation-skillsFour Strategies for Making Concessions in Negotiation

   www.pon.harvard.edu › daily › negotiation-skills

   • Cached

   Sep 23, 2024 · Skilled negotiators know that making strategic concessions at the right time can be an effective tactic in a negotiation. In this article, Deepak Malhotra, a professor at Harvard Business School and PON-affiliated faculty member, suggests four ways to make your concessions work to your best advantage. 1.

4. www.redbearnegotiation.com › blog › concedeConcede According to Plan to Conquer Negotiations | Read Bear

   www.redbearnegotiation.com › blog › concede

   • Cached

   Oct 1, 2024 · First, let’s define what concession means. In short, a concession is something you give up or compromise on during a negotiation. But, instead of seeing this as negative, skilled negotiators treat concessions as a strategic move that gets both parties closer to an agreement.

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6. www.vocabulary.com › dictionary › concessionerConcessioner - Definition, Meaning & Synonyms - Vocabulary.com

   www.vocabulary.com › dictionary › concessioner

   1 day ago · concessioner. Other forms: concessioners. Definitions of concessioner. noun. someone who holds or operates a concession. synonyms: concessionaire. see more.

7. en.wikipedia.org › wiki › ContractContract - Wikipedia

   en.wikipedia.org › wiki › Contract

   • Cached

   2 days ago · A contract typically involves consent[1]to transfer of goods, services, money, or promise to transfer any of those at a future date. The activities and intentions of the parties entering into a contract may be referred to as contracting.

8. www.ppiaf.org › documents › 1689Concessions for Infrastructure - PPIAF

   www.ppiaf.org › documents › 1689

   • Cached

   3 days ago · Concession is broadly defined as any arrangement in which a company receives from the government the right to offer a service under conditions of significant market power.

9. www.alore.io › blog › concession-makingWin Every Negotiation with a Concession Making Strategy

   www.alore.io › blog › concession-making

   • Cached

   Sep 24, 2024 · Concession making is when you agree to give something up during a negotiation. It could be a small change to your demands or an adjustment to reach a mutually beneficial agreement. Skilled negotiators use small concessions to build trust and create win-win solutions with the other party.

10. www.gov.uk › government › publicationsMigrant victims of domestic abuse concession (accessible)

    www.gov.uk › government › publications

    • Cached

    6 days ago · This concession provides a short period of independent immigration status and financial support to certain partners who are victims of domestic abuse, allowing them to leave an abusive...