What is concession?

Question

From the business point of view, what is concession?

What's the difference between concession and consignment?

I really need your help guys.

Thanks a lot.

Answer 1

Concession - a contract granting the right to operate a subsidiary business: "he got the beer concession at the ball park"

        

Consignment - an agreement by a retailer to sell merchandise owned by another person or corporation (the consignor). No payment is made to the consignor until the merchandise is actually sold. Unsold items are returned to the consignor

Have a nice day !