business relationship

Friendly

Explanation of "Business Relationship"

Definition: A "business relationship" is a formal or professional connection between two or more parties, usually involving some kind of exchange of services, products, or information. This type of relationship is often established through contracts or agreements.

Advanced Usage:

In more advanced contexts, "business relationship" can refer to collaborations, strategic alliances, or long-term partnerships.

Word Variants:

• Business (noun): The activity of making, buying, or selling goods or services.
• Relationship (noun): The way in which two or more people or groups regard and behave toward each other.

Different Meanings:

• A "business relationship" can also refer to the social dynamics within a workplace, such as the relationships between colleagues, even if they are not formal or contractual.

Synonyms:

• Professional relationship
• Corporate relationship
• Commercial relationship
• Client relationship

Idioms:

• "Win-win situation": Both parties benefit from the business relationship.
• "Cut a deal": To negotiate or finalize an agreement in a business context.

Phrasal Verbs:

• Team up: To collaborate with someone in a business relationship.
  • Example: "We decided to team up with another company to expand our market reach."
• Follow up: To continue communication or actions after an initial agreement or meeting.
  • Example: "It’s important to follow up after a meeting to strengthen the business relationship."

Summary:

A "business relationship" is essential for companies to thrive. It involves formal agreements and can take many forms, from client contracts to partnerships between businesses.

Academic

Noun

1. a formal contractual relationship established to provide for regular banking or brokerage or business services
   • he asked to see the executive who handled his account

Synonyms

• account