BEP 49: Business Negotiations - Concluding a Deal

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Concluding a deal is the final part of a business negotiation, and often takes place after several talks and discussions have been held to negotiate every aspect of the deal. Participating in the conclusion of the deal usually means that you have been present at earlier discussions, or are familiar with the possibilities that have already been discussed. While concluding the deal, both parties are aware of each other’s positions and no new conditions are usually applied. The final discussion is conducted in a positive style because each stakeholder wants to get his or her conditions accepted without making the other feel defeated, which may lead to the deal not being signed at all.

In this lesson, we will examine two different deal conclusions, one which is accepted and another which is rejected. In each case, we see that there is a service or goods provider and buyer. Apart from price, there are other factors such as delivery dates, quantities, and other product or service details that are finalized at the conclusion of each deal.

Situation

You will now listen to a dialogue between Susan, the owner of a clothing store, and Brian, who represents a design store. Susan and Brian are concluding a deal their companies have been negotiating over the past few weeks.