BUSINESS ADMINISTRATION
BUSINESS COMMUNICATION
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Question
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Compromise
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Problem Solving
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Self Awareness
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Skills
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Detailed explanation-1: -3071, “a compromise is a contract whereby the parties, through concessions made by one or more of them, settle a dispute or an uncertainty concerning an obligation or other legal relationship.”
Detailed explanation-2: -compromise (countable and uncountable, plural compromises) The settlement of differences by arbitration or by consent reached by mutual concessions.
Detailed explanation-3: -compromise. a settlement of differences in which each side gives up some of its demands in order to reach an agreement.
Detailed explanation-4: -Both have to give something up for it to be a compromise. If only one side is giving something up, it’s a concession. Allan had always seen it as unilateral, that “compromise” and “concession” could be used interchangeably.
Detailed explanation-5: -bargain. concession. arrangement. deal. give-and-take.