negotiate

Vocabulary Word

Definition

'Negotiate' means to confer with others to reach an agreement or compromise. It can be about anything, from price and terms in a business deal to resolving disagreements in a team.

Examples in Different Contexts

In corporate deals, the ability to 'negotiate' effectively can make or break partnerships. A business consultant might advise, 'Always come prepared with data when you negotiate a new contract.'

Practice Scenarios

Impact

Scenario:

The local community has concerns about our upcoming project. It's important we address this to assure them of its benefits.

Response:

That's crucial. Let's negotiate terrain specifics and reassure the community about the project's impact.

Business

Scenario:

The supplier offered a significant price increase which is out of line with our budget. We need to manage this strategically.

Response:

It's crucial for us to negotiate lower costs to fit into our budget without compromising quality.