VOCABULARY BUILDER
The Businessman
The man is on his way to a business meeting. He will try to close a deal that he has been working on for several months. It's important to negotiate fairly with his business partners so that their relationship will continue to be mutually beneficial for many years to come. They will discuss payment terms, sales projections and licensing rights. If they can reach an agreement on these points, they will sign on the dotted line and celebrate with a toast!
Simple Definitions
- close a deal (v) = convince sby to make a deal
- mutually beneficial (adj) = benefiting both sides
- a term (n) = a condition in a contract
- sign on the dotted line (v) = sign a contract
- a toast (n) = raising one's glass to drink in celebration of sth
(adj) = adjective, (adv) = adverb, (n) = noun, (v) = verb, sth = something, sby = somebody
Word Challenge
Fill in the blanks with the correct words. You may need to make changes to verbs (tense/3rd person) and nouns (singular/plural).
close a deal mutually beneficial term sign on the dotted line toast
1) After a long negotiation, the customer finally _______.
2) If you want to be a successful salesman, you must learn how to _______.
3) "I would like to propose a _______ to our honored guests!"
4) The two parties managed to reach a _______ agreement.
5) The team of lawyers carefully analyzed all the _______ in the contract.
See answers below
Answers to Word Challenge
1) After a long negotiation, the customer finally signed on the dotted line.
2) If you want to be a successful salesman, you must learn how to close a deal.
3) "I would like to propose a toast to our honored guests!"
4) The two parties managed to reach a mutually beneficial agreement.
5) The team of lawyers carefully analyzed all the terms in the contract.
