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Concession vs. Consignment: Know the Difference

Shumaila Saeed
By Shumaila Saeed || Updated on December 25, 2023
A concession is a grant or allowance, often in a business or political context, while consignment refers to goods sent to an agent for sale or custody.
Concession vs. Consignment

Key Differences

Concession often means a right granted to operate a business or perform an activity within a certain area, such as a food stall in a stadium. Consignment, on the other hand, involves sending goods to a third party (consignee) to sell on behalf of the sender (consignor).
Shumaila Saeed
Shumaila Saeed
Dec 25, 2023
In politics or negotiations, a concession is a compromise or yielding, where one party agrees to give up certain demands. In business, consignment means transferring goods for sale without immediate payment, relying on the consignee to sell and then remit earnings.
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Shumaila Saeed
Dec 25, 2023
Concessions can be seen in various contracts and agreements, often as privileges or discounts. Consignment is used in supply chain management, where goods remain the property of the consignor until sold.
Shumaila Saeed
Shumaila Saeed
Dec 25, 2023
Concessions are also used in terms of admission prices, offering reduced rates to certain groups. Consignments are crucial for businesses that don't have the capacity or desire to hold a lot of inventory, such as boutique shops.
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Shumaila Saeed
Dec 25, 2023
The term concession can also imply surrendering or admitting defeat in a competitive scenario. Consignment, in contrast, represents a business strategy focused on inventory management and sales through third-party sellers.
Shumaila Saeed
Shumaila Saeed
Dec 25, 2023
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Comparison Chart

Primary Meaning

Grant or allowance in business/politics.
Goods sent to an agent for sale or custody.
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Shumaila Saeed
Dec 25, 2023

Business Application

Rights to operate a business in a space.
Sending goods to be sold by a third party.
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Shumaila Saeed
Dec 25, 2023

In Politics/Negotiations

Compromise or yielding of demands.
Not typically applicable in this context.
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Shumaila Saeed
Dec 25, 2023

Relationship with Property

Often pertains to privileges or rights.
Involves physical goods but retains ownership.
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Shumaila Saeed
Dec 25, 2023

Common Usage

Discounted rates, contract privileges.
Inventory management, sales strategy.
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Shumaila Saeed
Dec 25, 2023
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Concession and Consignment Definitions

Concession

A stand or booth selling goods at an event.
She bought popcorn at the movie theater concession.
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Shumaila Saeed
Dec 25, 2023

Consignment

A shipment of goods for sale or custody.
The consignment of clothes arrived at the boutique.
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Shumaila Saeed
Dec 25, 2023

Concession

A discount or reduction in price.
Students receive a concession on bus fares.
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Dec 25, 2023

Consignment

A business arrangement where goods are sold on behalf of the owner.
The furniture store sells pieces on consignment from local craftsmen.
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Shumaila Saeed
Dec 25, 2023

Concession

Admitting defeat in a competition or argument.
After the debate, he made a concession of his point.
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Dec 25, 2023
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Consignment

A method of inventory management.
To reduce storage costs, the shop used a consignment model.
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Shumaila Saeed
Dec 25, 2023

Concession

The act of conceding.
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Shumaila Saeed
Oct 19, 2023

Consignment

The act of consigning.
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Shumaila Saeed
Oct 19, 2023

Concession

Something, such as a point previously claimed in argument, that is later conceded.
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Shumaila Saeed
Oct 19, 2023

Consignment

Something consigned.
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Shumaila Saeed
Oct 19, 2023

Concession

An acknowledgment or admission.
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Shumaila Saeed
Oct 19, 2023

Consignment

A collection of goods to be sent, in transit or having been sent.
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Shumaila Saeed
Oct 19, 2023

Concession

A grant of a tract of land made by a government or other controlling authority in return for stipulated services or a promise that the land will be used for a specific purpose.
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Shumaila Saeed
Oct 19, 2023

Consignment

The act of consigning.
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Shumaila Saeed
Oct 19, 2023

Concession

The privilege of maintaining a subsidiary business within certain premises.
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Shumaila Saeed
Oct 19, 2023

Consignment

The sale of one's own goods (clothing, furniture, etc.) through a third-party vendor, in exchange for a portion of the sale price, and with the consigner retaining ownership of the goods until they are sold or abandoned.
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Shumaila Saeed
Oct 19, 2023

Concession

The space allotted for such a business.
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Shumaila Saeed
Oct 19, 2023

Consignment

The act of consigning; consignation.
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Shumaila Saeed
Oct 19, 2023

Concession

The business itself
There was an ice cream concession in the subway station.
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Shumaila Saeed
Oct 19, 2023

Consignment

The act of consigning or sending property to an agent or correspondent in another place, as for care, sale, etc.
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Shumaila Saeed
Oct 19, 2023

Concession

A snack, drink, or other food sold at a concession
Bought concessions at halftime.
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Shumaila Saeed
Oct 19, 2023

Consignment

That which is consigned; the goods or commodities sent or addressed to a consignee at one time or by one conveyance.
To increase your consignments of this valuable branch of national commerce.
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Shumaila Saeed
Oct 19, 2023

Concession

The act of conceding.
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Shumaila Saeed
Oct 19, 2023

Consignment

The writing by which anything is consigned.
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Shumaila Saeed
Oct 19, 2023

Concession

An act of conceding, particularly:
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Shumaila Saeed
Oct 19, 2023

Consignment

Goods carried by a large vehicle
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Shumaila Saeed
Oct 19, 2023

Concession

A compromise: a partial yielding to demands or requests.
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Shumaila Saeed
Oct 19, 2023

Consignment

The official act of consigning a person to confinement (as in a prison or mental hospital)
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Shumaila Saeed
Oct 19, 2023

Concession

Land granted by an authority for some specific purpose, particularly: township
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Shumaila Saeed
Oct 19, 2023

Consignment

The delivery of goods for sale or disposal
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Shumaila Saeed
Oct 19, 2023

Concession

A privilege granted by an authority, especially to conduct business on favorable terms within certain conditions and particularly:
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Shumaila Saeed
Oct 19, 2023

Consignment

Goods sent to a third-party seller.
The artist sent her paintings on consignment to the gallery.
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Shumaila Saeed
Dec 25, 2023

Concession

(rhetoric) An admission of the validity of an opponent's point in order to build an argument upon it or to move on to another of greater importance; an instance of this.
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Shumaila Saeed
Oct 19, 2023

Consignment

Retaining ownership of goods until they are sold.
The jewelry remained the property of the maker until sold on consignment.
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Shumaila Saeed
Dec 25, 2023

Concession

(by extension) Any admission of the validity or rightness of a point; an instance of this.
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Shumaila Saeed
Oct 19, 2023

Concession

An admission of defeat following an election.
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Shumaila Saeed
Oct 19, 2023

Concession

A gift freely given or act freely made as a token of respect or to curry favor.
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Shumaila Saeed
Oct 19, 2023

Concession

A franchise: a business operated as a concession (see above).
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Oct 19, 2023

Concession

An item sold within a concession (see above) or from a concessions stand.
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Shumaila Saeed
Oct 19, 2023

Concession

A person eligible for a concession price (see above).
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Shumaila Saeed
Oct 19, 2023

Concession

To grant or approve by means of a concession agreement.
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Shumaila Saeed
Oct 19, 2023

Concession

The act of conceding or yielding; usually implying a demand, claim, or request, and thus distinguished from giving, which is voluntary or spontaneous.
By mutual concession the business was adjusted.
Shumaila Saeed
Shumaila Saeed
Oct 19, 2023

Concession

A thing yielded; an acknowledgment or admission; a boon; a grant; esp. a grant by government of a privilege or right to do something; as, a concession to build a canal.
This is therefore a concession, that he doth . . . believe the Scriptures to be sufficiently plain.
When a lover becomes satisfied by small compliances without further pursuits, then expect to find popular assemblies content with small concessions.
Shumaila Saeed
Shumaila Saeed
Oct 19, 2023

Concession

A contract granting the right to operate a subsidiary business;
He got the beer concession at the ball park
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Oct 19, 2023

Concession

The act of conceding or yielding
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Shumaila Saeed
Oct 19, 2023

Concession

A point conceded or yielded;
They won all the concessions they asked for
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Shumaila Saeed
Oct 19, 2023

Concession

A right or privilege granted by an authority.
The company obtained a concession to operate the cafeteria.
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Shumaila Saeed
Dec 25, 2023

Concession

Yielding or compromising in a negotiation.
The union made a concession to avoid a strike.
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Shumaila Saeed
Dec 25, 2023

Repeatedly Asked Queries

Are concessions only found in sports venues?

No, they can be in various venues like theaters, airports, etc.
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Shumaila Saeed
Dec 25, 2023

What is a concession agreement?

A contract granting rights or privileges under certain conditions.
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Shumaila Saeed
Dec 25, 2023

How does consignment work in retail?

Goods are sent to a retailer, who sells them and later pays the supplier.
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Shumaila Saeed
Dec 25, 2023

Is a concession a form of discount?

Yes, it can be a reduced price for certain groups.
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Shumaila Saeed
Dec 25, 2023

Can concessions be political?

Yes, as in yielding or compromising in negotiations.
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Shumaila Saeed
Dec 25, 2023

How is pricing determined in consignment?

Usually by agreement between the consignor and consignee.
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Shumaila Saeed
Dec 25, 2023

What is a concession in business?

A right or privilege granted, like operating a space within a larger facility.
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Shumaila Saeed
Dec 25, 2023

What does consignment mean?

Sending goods to someone else to sell on your behalf.
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Shumaila Saeed
Dec 25, 2023

Do concession stands sell their own products?

Typically, they sell products provided by the venue or event organizer.
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Shumaila Saeed
Dec 25, 2023

Do concession holders pay rent?

Often, they pay a fee or a percentage of sales to the property owner.
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Shumaila Saeed
Dec 25, 2023

Who owns the goods in consignment?

The original owner (consignor) retains ownership until they are sold.
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Shumaila Saeed
Dec 25, 2023

Are consignment sales final?

Generally, yes, but policies may vary by consignee.
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Shumaila Saeed
Dec 25, 2023

How do consignment shops make money?

By taking a percentage of the sales of consigned items.
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Shumaila Saeed
Dec 25, 2023

What risks are involved in consignment?

Unsold inventory and dependence on the consignee's sales ability.
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Shumaila Saeed
Dec 25, 2023

How do businesses benefit from consignment?

By not paying upfront for inventory and reducing storage costs.
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Shumaila Saeed
Dec 25, 2023

What is consignment inventory?

Goods held by a third party for sale, not yet purchased.
Shumaila Saeed
Shumaila Saeed
Dec 25, 2023

Is a concession stand a small business?

It can be operated as a small business or part of a larger entity.
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Shumaila Saeed
Dec 25, 2023

What happens to unsold consignment goods?

They are usually returned to the consignor or may be discounted.
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Shumaila Saeed
Dec 25, 2023

Can concessions be revoked?

Yes, typically if contract terms are violated.
Shumaila Saeed
Shumaila Saeed
Dec 25, 2023

Can a concession be temporary?

Yes, like in a short-term event or contract.
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Shumaila Saeed
Dec 25, 2023

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Shumaila Saeed
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Shumaila Saeed
Shumaila Saeed, an expert content creator with 6 years of experience, specializes in distilling complex topics into easily digestible comparisons, shining a light on the nuances that both inform and educate readers with clarity and accuracy.

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