Final answer:
A concession in negotiations involves compromising to reach an agreement, demonstrating cooperation for resolving conflicts.
Explanation:
The act of yielding or compromising in some way is known as a concession. In negotiation processes, concessions involve giving up certain demands in exchange for achieving agreement on other aspects.
Making concessions demonstrates cooperation and assists in progressing negotiations towards a resolution. These compromises are commonly related to various factors such as money, time, resources, responsibilities, or autonomy.
Concessions play a critical role in resolving conflicts and reaching mutually beneficial outcomes in various situations.
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