Concession: Definition and additional resources from BNET
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BNET Business Dictionary

Business Definition for: Concession

  • a compromise in opinion or action by a party to a dispute
  • a reduction in price for a particular group of people
  • the right of a retail outlet to operate within another establishment
  • an agreement to ignore the failure of a product or service to conform to its specification, with a possible resultant deterioration in the quality of the product or service

Wiktionary Definition for: Concession

  • the act of conceding, especially that of defeat
  • something, such as an argument, that is conceded or admitted to be wrong
  • the grant of some land to be used for a specified purpose
  • #(''mostly US'') a contract to operate a small business as a subsidiary of a larger company, or within the premises of some institution; the business itself and the space from which it operates

Additional Resources

Concessions: How To Respond To Demands For Concessions During Negotiations
At the negotiating table, demands for concession or a waive off on certain issues is bound to come from a participating party. It has been seen that despite pre-negotiation planning negotiators, often, struggle when it comes to handling concession demands. According to the paper ‘there is no one right strategy...
Tags: Negotiation, Concession, Finance, Free Trade
White papers 2002-04-12
Tandem Resources reports a sampling and geological crew on its Indonesian joint venture concession in Central Kalimantan
TORONTO, Ont.--BUSINESS WIRE--May 15, 1996-- Tandem Resources Ltd. ("Tandem') reports that a sampling and geological crew has been on its Indonesia joint venture concession in Central Kalimantan for the past week. Crews will be on the Makaham River concession in East Kalimantan in one week. As reported previously,...
Tags: concession, Tandem Computers
Research articles 1996-05-15
Peru: Bellsouth expands public telephone services to the.
The Peruvian subsidiary of BellSouth has been granted a 20 years concession to operate public telephone services in all the provinces, exception made for Lima and Callao, where it already had concession for this service. The new concession allows the The Peruvian subsidiary of BellSouth has...
Tags: BellSouth Corp., concession, phone, telephone service
Research articles 2000-02-21
Microsoft makes concession to Gateway
REDMOND, Wash. Bloomberg -- Microsoft, facing a government antitrust suit, made a concession to personal-computer maker Gateway on Wednesday that addresses a central concern about the software maker's control of the PC desktop.
Tags: concession, Gateway Inc., Microsoft Corp.
Research articles 1998-05-28
Concession Air changes name to CA One Services - Brief Article
BUFFALO, N.Y. -- Concession Air Corp., the airport-concessions subsidiary of Delaware North Cos. Inc., has changed its name to CA One Services.
Tags: Computer Associates International Inc.
Research articles 1994-06-13
Haber Inc. Acquires Additional Large-Scale Gold Concession in Ghana's Gold Prolific Western and Brong Ahafo Regions
Company Acquires Additional 300 Square Kilometer Concession with Reconnaissance Licensing Rights
Tags: Company, concession
Research articles 2007-02-14
Apache completes discoveries on Egypt's Khalda Concession
HOUSTON JR -- Apache Corp. and its partners on Thursday announced the completion of two oil discoveries on the Khalda Concession in Egypt's Western Desert.
Tags: Apache Software Foundation
Research articles 1997-07-14
CONCESSION CONTRACTS EXTENDED.(Brief Article)
CONCESSION CONTRACTS EXTENDED: The National Park Service has proposed extending and amending its concession contract with ARAMARK Sports and Entertainment Services, Inc at the Denali National Park & Preserve, AK from Oct. 1, 2001 until Oct. 1, 20 CONCESSION CONTRACTS EXTENDED: The National Park Service has...
Research articles 2001-10-08
Apache finds new oil discovery in Khalda Concession
HOUSTON JR -- Apache Monday announced a new 850-barrel-per-day oil discovery on its Khalda Concession in Egypt's Western Desert that has for the first time found commercial quantities of crude oil in the Kharita formation in the Kahraman C field.
Tags: Apache Software Foundation
Research articles 1999-08-03
Haber, Inc. Seeking Prospecting License in Ghana after Favorable Findings Reported in Final Reconnaissance Report; License will Allow Drilling in Haber's Large-Scale Ghanaian Concession in the Western and Brong Ahafo Regions of Ghana
ARLINGTON, Mass. -- Haber, Inc, (OTC: HABE), a Massachusetts-based company with proprietary technology for the environmentally friendly processing of precious metal bearing ores, announced today that Haber Mining Ghana Ltd. ("Haber") a wholly owned subsidiary of Haber, Inc. will be seeking a conversion of its large-scale concession (230 square mile)...
Tags: concession
Research articles 2006-08-24
Tandem Resources Ltd. corrects Juliett Concession results - Correction Notice
TORONTO--BUSINESS WIRE--Sept. 29, 1995--Tandem Resources Ltd. reports that the news release of Sept. 28, 1995, contained an erroneous value for the copper content of the grab samples on the Juliett Concession. The news release should have read:
Tags: news release, Tandem Computers
Research articles 1995-09-29
Tandem Resources Ltd Reports That It Is Acquiring A 50-Square Kilometre Concession In The Quebec-Labrador Trough Northeast Of Schefferville
TORONTO--BUSINESS WIRE--April 30, 1996--Tandem Resources Ltd. ("Tandem") reports that it is acquiring a 50-square kilometre concession in the Quebec-Labrador trough northeast of Schefferville. The concession contains a soil gossan or rust zone over 5 acres in area which contains up to 0.13% nickel-copper. A reconnaissance geophysical survey has located...
Tags: concession, Tandem Computers
Research articles 1996-04-30
Simandue Deal Was Transparent: Rio Tinto
Rio Tinto Ltd says it remains confident it has complied with Guinea law in regard to its Simandou concession.The company said it received correspondence on August 1 from the president of Guinea "purporting" to rescind the Simandou mining concession."In conjunction with its partner in the project, International Finance...
Tags: Australian Associated Press Pty Ltd., Concession, AAP
News items 2008-08-04
Imperial Joint Ventures with Sumitomo in Niger, Africa on the M'Banga Gold Concession
VANCOUVER, B.C.--BUSINESS WIRE--Dec. 19, 1995--Imperial Metals Corp. (IPM-TSE) announces the signing of a Joint Venture agreement with Sumitomo Corp. of Japan on the M'Banga Gold Concession in Niger, Africa.
Tags: Sumitomo Corp.
Research articles 1995-12-19
Fortum divests stake in Omani gas concession for EUR180m
NORDIC BUSINESS REPORT-13 February 2002-Fortum divests stake in Omani gas concession for EUR180m C1994-2002 M2 COMMUNICATIONS LTD http://www.m2.com
Research articles 2002-02-13
Cable carves out calling rights. (Policy).(cable industry gets concession to the National do-not-call list)
WASHINGTON -- In a concession to the cable industry the federal government has decided to include a business-relationship exemption in sweeping new rules designed to give consumers relief from excessive telemarketing calls to their homes, fax machi WASHINGTON -- In a concession to the...
Tags: cable, cable company, Cablevision Systems Corp., Do-Not-Call, FCC, industry
Research articles 2003-07-14
KCS will operate Panama Railroad - Kansas City Southern award Panamanian concession - Brief Article
Kansas City Southern will operate and rehabilitate the 47.6-mile Panama Railroad under a concession awarded by the Panamanian government. KCS submitted its winning proposal in a joint venture that also includes Mi-Jack Products and Terminales Portuarios Panamenos, S.A., a consortium of Panama business interests.
Tags: Kansas City Southern
Research articles 1996-08-01
B&J Gives Movie Fans A Spotlight on 'Cool' - Ben and Jerry's introduces Concession Obsession and chance to star in 'Citizen Cool' documentary - Brief Article - Product Announcement
Reinforcing its socially conscious heritage, Ben & Jerry's will back its new Concession Obsession flavor with a summer casting call offering a chance to star in "Citizen Cool," a documentary on do-gooders backed by local radio, sampling and Internet partnerships.
Tags: documentary, movie
Research articles 2001-05-28
7-Eleven Takes On Concession Candy.(Brief Article)
DALLAS -- Targeting consumers stymied by the high prices of candy at movie theaters, 7-Eleven, Inc. is adding an assortment of concession candy to about 70 percent of its 5,600 stores. DALLAS -- Targeting consumers stymied by the high prices of candy at...
Tags: 7-Eleven Inc., candy
Research articles 1999-09-01
BP GETS EGYPT CONCESSION EXTENSION.
Egypt has extended the duration of two oil concessions to BP Egypt. The Merged Concession Agreement is extended by 20 years and the South Gharib by 10 years. The agreements commit ... Egypt has extended the duration of two oil concessions to BP Egypt. The Merged...
Tags: British Petroleum Co plc, South
Research articles 2005-06-10
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