NEGOTIATIONS Vocabulary (e.g. means "for example") | |
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 |
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 |