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Definitions from the Web

Term: Extracting Concessions

Description:

Extracting concessions refers to the act of obtaining compromises or favorable terms from another party during a negotiation or discussion. It involves skillfully acquiring concessions by leveraging various strategies, arguments, or bargaining techniques to achieve desired outcomes.

Sample sentences:

1. During the labor strike, the workers successfully extracted concessions from the management, resulting in improved wages and working conditions.
2. The skilled diplomat mastered the art of extracting concessions from foreign delegates, ensuring strategic advantages for his country.
3. In a heated debate, the politician employed clever tactics to extract concessions from his opponent, gaining support from the audience.
4. The CEO's negotiation team managed to extract several concessions from the supplier, securing a more favorable contract.

Possible Related Products:

To explore further on negotiation techniques and strategies:

• Negotiation Techniques
• Bargaining Strategies
• The Art of Compromise