deal-making

Vocabulary Word

Definition

Deal-making involves negotiating terms and reaching an agreement or bargain. It's often about finding a middle ground that's satisfactory for all parties involved.

Examples in Different Contexts

In business negotiation, 'deal-making' involves the process of reaching an agreement that benefits all parties involved. A business consultant might say, 'Effective deal-making requires understanding the needs of both sides and finding a mutually beneficial solution.'

Practice Scenarios

Creative

Scenario:

This bestselling author writes engaging stories. Should we approach them for film rights?

Response:

Absolutely. Let's begin the deal-making for the film rights.

Tech

Scenario:

After the sequence of successful launches, should we consider licensing our technology to other companies?

Response:

That's a great idea, we can develop a standard deal-making process for technology licensing.