business gift definition

business gift

Valuable item offered without obligation to selected recipients by a firm's representative, as an expression of appreciation or goodwill. Unlike promotional items, business gifts generally do not carry an advertising message but may instead be personalized with the recipient's name. Intangible business gifts, such as vacations and cruises, now comprise a significant portion of corporate gift-giving. Most large firms and public organizations have established policies for giving or receiving of business gifts.

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