Definition: In sales and marketing, a “deal” refers to a finalized agreement or transaction between two parties, typically involving the sale of products or services.
It represents the successful conclusion of negotiations where the seller agrees to provide a product or service at a certain price, and the buyer agrees to purchase it under those terms.
Deals are often the result of strategic marketing efforts, persuasive sales techniques, and a mutual understanding of value between the buyer and seller.
Use It In a Sentence: After weeks of negotiation, the marketing team finally closed a deal with the client, securing a large order for the company’s new line of eco-friendly products.
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More Definitions: Deal States Definition, Closing the Deal Definition, Deal Definition, Objection Definition, Quota Definition, User-Centric Definition, Word Vomit Definition and Dynamic Pricing
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