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Business Word/Phrase of the Day

word-phrase-descEvery day we publish a business word or phrase together with audio pronunciation, phonetics, definition and example sentences. This is a great way to improve your workplace vocabulary as well as your pronunciation. To receive 'Business Word/Phrase of the Day' by email, just subscribe to our newsletter from the link above. 

DECENTRALISE diˈsɛntrəˌlaɪz

08 Nov 2023

Verb

  • to move control of an organisation from one (central) body to several smaller ones.
Example Sentence: Many attempts have been made in recent years to decentralise power.
 

CONSENSUS kənˈsɛnsəs

07 Nov 2023

Noun

  • an opinion that all members of a group agree with.
Example Sentence: There was a general consensus that action was required.
 

CLAUSE klɔz

06 Nov 2023

Noun

  • a section or statement from a legal text, such as a law or a contract.
Example Sentence: The lawyer drew his attention to clause 12.5 of the contract.
 

CARGO kɑrgoʊ

05 Nov 2023

Noun

  • the goods being transported by plane or ship.
Example Sentence: When the ship beached, much of the cargo floated ashore.
 

AUDIT ɔdɪt

03 Nov 2023

Noun

  • an investigation of a company's finances to make sure they are correct.
Example Sentence: They are carrying out the annual audit.
 

ASSIGN əˈsaɪn

02 Nov 2023

Verb

  • to give a particular job or task to somebody.
Example Sentence: The job of finding more seats for the event was assigned to Paul.
 

WHOLESALE hoʊlˌseɪl

01 Nov 2023

Noun

  • sold cheaply in large amounts, especially to shops, who resell the goods.
Example Sentence: They claim to sell their products at wholesale prices.
 

VOLUME vɒlyum

31 Oct 2023

Noun

  • the total amount of something.
Example Sentence: The volume of trade has dropped in recent months.
 

UNIT COST yunɪt kɔst

30 Oct 2023

Noun

  • the cost of producing one item of a product.
Example Sentence: The unit cost of the product is just $2.
 

SURPLUS sɜrplʌs

29 Oct 2023

Noun

  • extra money that was not spent.
Example Sentence: The surplus is due to the falling energy costs.
 

SUBLIMINAL sʌbˈlɪmənl

28 Oct 2023

Adjective

  • in a way that cannot be noticed by the viewer.
Example Sentence: They are accused of using subliminal advertising to sell products to children.
 

STIFF stɪf

27 Oct 2023

Adjective

  • strong and difficult to beat.
Example Sentence: They need to reduce costs in the face of stiff competition.
 

SLASH slæʃ

26 Oct 2023

Verb

  • greatly reduce in price or number.
Example Sentence: Prices have been slashed in the summer sales.
 

SCARCE skɛərs

25 Oct 2023

Adjective

  • not enough of something available, especially a resource.
Example Sentence: Water is scarce in some regions of Africa.
 

SALES PITCH seɪlz pɪtʃ

24 Oct 2023

Noun

  • what a salesman says when trying to sell something.
Example Sentence: His sales pitch was very convincing.
 
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