Business Word/Phrase of the Day

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FRAUD frɔd

10 Feb 2016

Noun

  • the act cheating somebody with the purpose of getting something (products, money etc) illegally.
Example Sentence: He was involved in a one billion dollar fraud.
 

BRICKS AND MORTAR brɪkənˈmɔrtər

09 Feb 2016

Adjective

  • describing a business where customers can go when they want to buy something, as opposed to purely internet-based businesses.
Example Sentence: Operating a purely bricks-and-mortar business has several advantages, e.g. you don't have to pay the usual overheads like gas and heating.
 

FIERCE fɪərs

08 Feb 2016

Adjective

  • aggressive, violent OR extremely active.
Example Sentences: He became unexpectedly fierce when he was informed he was going to be dismissed.
There has always been fierce competition between our companies, but in our private lives we are best of friends.
 

BRAINSTORM breɪnˌstɔrm

07 Feb 2016

Verb

  • to think together as a team, often in order to come up with a solution to a particular problem.
Example Sentence: Although we have been brainstorming for weeks, we haven't been able to find a good way of getting ahead of our competitors so far – we might need to invite an expert to help.
 

LAW-ABIDING lɔəˌbaɪdɪŋ

06 Feb 2016

Adjective

  • respecting the law.
Example Sentence: We are all law-abiding citizens. However, in business sometimes we have to interpret certain regulations in a bit more flexible way in order to remain profitable in the current crisis
 

ESPIONAGE ɛspiəˌnɑʒ

05 Feb 2016

Noun

  • the activity of secretly acquiring information about another company/competitor/country etc in order to gain an unfair advantage.
Example Sentence: Industrial espionage has always been a real threat in this country, and things don't seem to be improving under the new regulations either.
 

TO STIFLE staɪfəl

04 Feb 2016

Verb

  • To prevent something from happening.
Example Sentence: The strong yen stifles economic growth.
 

TO SATURATE (a market) sætʃəˌreɪt

03 Feb 2016

Verb

  • to fill a market with a certain product to such an extent that no new customer can be found.
Example Sentence: I'm afraid we've saturated the market of event organizers. Next year we'll have to diversify in order to retain the potential for growth.
 

TO SKYROCKET skaɪˌrɒkɪt

02 Feb 2016

Verb

  • if share prices, market prices, wages etc SKYROCKET, they rise really quickly and to a high level.
Example Sentence: We only managed to survive last year because share prices in this sector unexpectedly skyrocketed and it saved us from going bust.
 

TO PLEDGE plɛdʒ

01 Feb 2016

Verb

  • to make an official/serious promise to do something.
Example Sentence: The minister pledged to support the reconstruction of the old town despite the financial crisis.
 

TO EMBEZZLE ɛmˈbɛzəl

31 Jan 2016

Verb

  • to steal money that belongs to your employer.
Example Sentence: The bank's manager was able to embezzle thousands of dollars from his employer.
 

TO INFILTRATE ɪnˈfɪltreɪt

30 Jan 2016

Verb

  • to enter an organization/company secretly in order to gain information about it or cause harm to it.
Example Sentence: The company was infiltrated by Russian agents who stole the description of the new technology.
 

ACQUISITION ækwəˈzɪʃən

29 Jan 2016

Noun

  • the process of getting or buying something, especially another business
Example Sentence: The company will pay $210 million in cash to complete the acquisition.
 

FRANCHISEE fræntʃaɪˈzi

28 Jan 2016

Noun

  • a company or a person to whom franchise rights (of a product, service etc) are granted.
Example Sentence: The franchisor always provides the franchisee with a franchise operation manual to make sure that everything is explained properly.
 

BARGAINING CHIP bɑrgənɪŋ tʃɪp

27 Jan 2016

Noun

  • something that can be traded in a negotiation to gain advantage for yourself.
Example Sentence: The minister has a bargaining chip – she will only agree to the bailout if the opposition supports her competitiveness pack.
 
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