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Preferred term

concession  

Definition

  • When should you offer something to another party when negotiating, how much should you provide, and in what manner should you do so? These are primary questions in the area of concession in negotiations. In any type of negotiation, a concession is something that you provide to another party when trying to come to a mutually agreeable deal. [Source: Encyclopedia of Business in Today's World; Concession (in Negotiation)]

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URI

https://concepts.sagepub.com/social-science/concept/concession

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