Formal business meetings are usually held at conference rooms. Before
the first meeting starts, both parties should conduct careful preparations.
For the buyer, the company should have done research on the background
about the seller such as its size, reputation, main products and the
sales potential. Normally, the buyer is concerned about the quality
and special functions of the product they are interested in. A product
demonstration /or detailed descriptions of the product are therefore
often expected by the buyer. For the seller, the first meeting often
is a so-called information meeting. Although the buyer has some knowledge
of the company they are working with, it does not hurt for the seller
to introduce its company and the product formally. A discussion will
then take place between the seller and buyer about the special product.
The first meeting is significant of providing more detailed information
on the business both sides are dealing with.