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Simple English definitions for legal terms
négoce
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A quick definition of négoce:
Term: NÉGOCE
Definition: Négoce means trade or business in French.
It refers to the buying and selling of goods or services for profit. It involves negotiating deals, managing inventory, and building relationships with customers and suppliers. In simple terms, it is the process of exchanging goods or services for money.
A more thorough explanation:
Definition: Négoce (ni-gohs), n. [French] refers to trade or business.
Example: The company's main focus is on the négoce of luxury goods.
Explanation: This example illustrates how the term négoce is used to describe a company's trade or business. In this case, the company deals with luxury goods, which is their area of expertise.
Example: The négoce of agricultural products is a major industry in many countries.
Explanation: This example shows how the term négoce can be used to describe a specific industry, in this case, the trade of agricultural products. It highlights how négoce can be used to refer to a particular type of business or trade.