Negotiations [B] Flashcards
agent
[n] person who represents another person and acts on his/her behalf X v
alternative
[n] option or possible choice v X v v
arbitration
[n] resolution of a dispute by a neutral third party x v X v
backer
[n] person who gives many kinds of support X v
bargain price
[n] low price X v . x
bargaining
[v] negotiating the terms of an agreement, usually with intense argument X v v
bedrock price
[n] the lowest possible price X x . x
broker
[n] negotiator, adviser or person who sells to earn commissions X v
colloquy
[n] formal discussion X v v
commitment
[n] promise to do or not do something v X v
compromise
[n] agreement to give and take something X v x
contract
[n] written or spoken agreement X x
counteroffer
[n] offer that a person gives to make a previous offer acceptable to him/her X v x v
deal
[n] business transaction
diplomacy
[n] dealing with people moderately and effectively v X v v
discount
[n] reduction in price X x
estimate
[n] approximate value, number or quantity / [v] to approximate a value, number or quantity X v v / X v x
feasible
[adj] realistic and viable X v v
hash out
[v] to discuss in detail x . X
joint venture
[n] business partnership in which each partner contributes expertise and shares the risks of the business
know-how
[n] knowledge or skill X x
negotiation
[n] discussion held to reach an agreement v x v X v
overestimate
[n] excessively high estimate / [v] to give an excessively high estimate x v X v v / x v X v x
pledge
[n] promise to do or not do something / [v] to promise to do or not do something
proposal
[n] suggestion or offer v X v
quotation
[or quote, n:] formal statement of an estimated cost for a product or service x X v
range
[n] assortment of products and services
rebate
[n] reduction in price X x
supplier
[n] person, company or organization providing goods and services v X v
supply
[n] stock of goods / [v] to provide goods and services v X
surmount
[v] to overcome difficulties or obstacles v X
tactics
[n] ways to achieve a goal X v
tender
[n] formal offer to supply goods and services at a certain price X v
turnkey
[adj] bought, supplied and installed to be immediately used X v
underestimate
[n] excessively low estimate / [v] to give an excessively low estimate x v X v v / x v X v x
