Concessions

Concessions are compromises, agreements, or allowances made in response to demands, requests, or objections. They often involve granting something that is wanted or needed, such as a privilege, right, or reduced price. concessions can be made in various contexts, including negotiations, business transactions, political discussions, and personal relationships. They represent a willingness to meet another party halfway or to adjust one's own position for the sake of achieving an agreement, maintaining goodwill, or resolving a conflict. These compromises are often necessary to avoid a complete breakdown or to reach a mutually beneficial outcome.

Concessions meaning with examples

• After lengthy negotiations, the union and management reached a deal with various concessions. Management agreed to higher wages and improved benefits, while the union accepted modified work rules and production targets. This concession-filled agreement prevented a strike and allowed the company to keep working with happier employees. The mutually beneficial compromise preserved jobs and kept the company operating smoothly, proving an effective negotiation strategy.
• To secure the contract, the vendor offered concessions on the original price. They reduced their fee significantly and also offered extended warranty service and free installation. This made the offer more appealing to the client, who had budget constraints. These strategic concessions secured the business and provided added value. The vendor succeeded by demonstrating flexibility and a willingness to accommodate their client's needs to secure a favorable agreement.
• The politician made concessions in their speech to address the concerns of their opponents. They acknowledged the validity of certain critiques and showed an understanding of their voters concerns on some issues. While maintaining their core beliefs, these carefully chosen concessions helped build bridges with the opposition. These changes, while seemingly small, strengthened their appeal and built a stronger political alliance.
• The parents made concessions regarding their teenager's curfew. They allowed a later return time on weekends and granted them more freedom to go out. In exchange, the teenager agreed to maintain good grades and take on more household responsibilities. These negotiated concessions helped improve their relationship with their child, increasing the teenager's trust and cooperation within the family, resolving conflicts and creating a healthier relationship.