"Price concessions" refer to a situation when a seller reduces the price of a product or service offered to a buyer, often to make it more attractive or due to negotiations. It is a type of discount or reduction in the original price.
Full definition
For the past few years, the same publishers who've been attempting to deny us cheap used games with their right hands have been
making price concessions with their left.
The salesperson fails to ensure that agreed repairs or
price concessions relating to repairs are specified in writing and, preferably, signed by the buyers and sellers.
Do you want to undergo major renovations, or would you prefer to
make price concessions to help your home compete?
Teva beats first - quarter expectations but still has the same old problems Copaxone's market share and new generic launches helped Teva to forecast - beating profit and revenue but problems persistTeva had to make
pricing concessions on its flagship multiple sclerosis drug Copaxone, and now expects a delay in approval of a key migraine drug, fremanezumab.
A new wrinkle in the story of the devalued yuan is big box retailers asking
for price concessions from suppliers.
In Grubhub's annual report from last year, it noted that its business could be harmed if it was forced to reduce its commission percentage or make
pricing concessions as a result of increased competition.
«The company was recently told by Anthem management that Anthem intends to move its business when the company's current contract with Anthem expires on December 31, 2019, and that Anthem is not interested in continuing discussions
regarding pricing concessions,» Express Scripts said.
If you are restricted from
offering price concessions or customizing packages, your freedom to be flexible may be significantly hindered.
Very often, the mere threat by the customer of invoking the benchmarking clause can result
in pricing concession or discount from the service provider in return for customers waiving the right to perform benchmarking for a certain period of time.
In one instance, the CFPB found that expense accounts served as «point banks» that improperly allowed loan officers to
finance pricing concessions and earn commissions on loans that otherwise would not be originated.
The CFPB also alleged that the company allowed loan officers to use the expense accounts as point banks to
grant pricing concessions.
There are other options for negotiating to close a deal,
from price concessions, extended closing dates or a commission reduction (why would you do that as you will be working even harder).
High - end sellers in the West Palm Beach, Fla., area aren't yet willing to
make price concessions, even though the pool of buyers in the $ 1 million — plus market has been shrinking for more than a year, says Diane Ramaglia, a senior sales associate at Coldwell Banker Residential Real Estate Inc. in Wellington, Fla..
Roughly 80 % of the spending growth on these patent - protected drugs was offset by rebates and
price concessions.
Airbus needs to sell at least another 30 to keep lines open for 10 years and possibly more to justify
the price concessions likely to be demanded by any new buyers.
Price concessions to encourage consumption have further limited the top line.
Price concessions to encourage consumption have further limited the top line.
Aware that the lenders will probably treat the $ 10,000 rebate as
a price concession, the deal participants agree not to tell the lender about the rebate.
@Kevin Pfleger You can «ask» but if the owner believes they've made
a price concession already (because they knew about those issues) it won't go well.
You want
a price concession on an issue that was visible to you when you saw the property?
Consider this situation: A buyer has entered into a contract to purchase a property for $ 200,000, but, after learning about a roof problem, asks for and gets
a price concession of $ 10,000 from the seller.
This exception is very narrow and does not to permit loan originators to reduce their compensation to bear the cost of
a pricing concession to match a competitor's pricing or to avoid high - cost mortgage provisions.
According to the complaint, the company's compensation plan provided for (a) an upfront commission based either on a fixed percentage of the loan amount or a flat dollar amount per loan closed, and (b) compensation based on the loan profits, including periodic bonuses,
pricing concessions, and supplemental commissions.
Generally prohibits loan originator compensation from being reduced to offset the cost of a change in transaction terms (often called a «
pricing concession»).