Business Word/Phrase of the Day

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IMAGE ɪmɪdʒ

20 Feb 2017

Noun

  • how something is seen and understood by others.
Example Sentence: The company gained a bad image following the scandal.
 

GO ON STRIKE  

19 Feb 2017

Phrase

  • collectively stop working because of poor conditions or pay.
Example Sentence: The teachers are going to go on strike to protest about low salaries.
 

FUNDAMENTAL fʌndəˈmɛntl

18 Feb 2017

Adjective

  • relating to essential structures, facts, or functions.
Example Sentence: They are considering fundamental changes to the education system.
 

FREIGHT freɪt

17 Feb 2017

Noun

  • commercial goods that are being transported long distance.
Example Sentence: The goods arrive by ship and then continue by freight train.
 

FRANCHISE SOMETHING fræntʃaɪz

16 Feb 2017

Verb

  • to give somebody the exclusive right to sell your product in an area.
Example Sentence: They franchised the technology to a firm in China.
 

FLOOD A MARKET  

15 Feb 2017

Phrase

  • to introduce a new product on the market in a very large quantity.
Example Sentence: They have flooded the market with merchandise for the film.
 

EXPAND ɪkˈspænd

14 Feb 2017

Verb

  • to become larger in size or number.
Example Sentence: The company is going to expand to China and Japan.
 

ENDORSEMENT ɛnˈdɔrsmənt

13 Feb 2017

Noun

  • a form of advertising that involves a famous person to promote a product.
Example Sentence: The athlete's endorsement helped boost sales of the product.
 

DUMPING dʌmpɪn

12 Feb 2017

Verb

  • when goods are sold abroad for a much cheaper price.
Example Sentence: Dumping enables companies to offload unwanted stock.
 

DOMESTIC dəˈmɛstɪk

11 Feb 2017

Adjective

  • relating to a country's internal economy or businesses.
Example Sentence: They are attempting to protect the domestic industries.
 

DISPUTE dɪˈspyut

10 Feb 2017

Noun

  • argument.
Example Sentence: He left the company after a dispute with his manager.
 

DESPATCH dɪˈspætʃ

09 Feb 2017

Verb

  • to send something (especially a business delivery)
Example Sentence: We will despatch the goods when the payment is received.
 

DEPOSIT dɪˈpɒzɪt

08 Feb 2017

Noun

  • a large store of something natural deep underground, especially oil.
Example Sentence: Companies are searching for oil deposits under the Pacific Ocean.
 

DECLINING MARKET  

07 Feb 2017

Phrase

  • a market that is becoming worse.
Example Sentence: The declining market in caravans is due to the growth of cheap airlines.
 

CORNER THE MARKET  

06 Feb 2017

Phrase

  • to sell to a special group of people.
Example Sentence: They have cornered the market for men's shaving equipment.
 
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