closing-deals

Vocabulary Word

Definition

'Closing deals' is a key part of business where you finalize an agreement with a customer or partner. It's not just shaking hands; all terms are clear and both sides are prepared to move forward.

Examples in Different Contexts

In real estate, 'closing-deals' involves completing the legal and financial processes necessary to transfer property ownership. A real estate agent might say, 'Closing deals efficiently requires thorough preparation and clear communication with all parties involved.'

Practice Scenarios

Product

Scenario:

The prototype is almost complete, and it's time to secure our supply chain. We can't delay this any longer.

Response:

I'll contact the suppliers next week for closing deals and securing the supplies needed for production.

Business

Scenario:

Our sales team is making a final push to meet the quarterly targets. It's crucial we pay close attention to our outstanding proposals.

Response:

Let's focus on closing deals which are close to finalization to meet our targets.