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 sales, 'closing-deals' refers to the process of finalizing a sale with a customer, which often involves negotiation and agreement on terms. A sales manager might state, 'Training our team in effective closing techniques has boosted our quarterly sales figures.'

Practice Scenarios

Marketing

Scenario:

We have potential sponsors showing interest in our event. I believe we should capitalize on this opportunity.

Response:

I agree, we should approach them with concrete proposals for closing deals.

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.