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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. 

TO CUT ONE'S LOSSES  

08 May 2024

phrase

  • If you cut your losses, you stop wasting time or money on something, so you will not lose any more time or money.
Example Sentences: After spending weeks on the project and seeing no profit, the director decided to cut the company's losses and end the project.
The new restaurant already had a bad reputation so the owners cut their losses and closed it down.
 

SALES COMMISSION /seɪlz kəˈmɪʃ ən/

08 Apr 2024

phrase

  • payment to a salesperson for their efforts in marketing and selling something, usually calculated as a percentage of the total sales
Example Sentences:All our sales staff earn a 2.5% commission on their sales.
He’s moving to a company that pays a much better sales commission.
 

ANNUAL PREMIUM ænyuəl primiəm

08 Mar 2024

Noun

  • the cost of the insurance paid every year.
Example Sentence: The annual premium is paid on the first of March.

 

 

LEG ROOM lɛg rʊm

08 Feb 2024

Noun

  • the amount of room between your seat and the seat in front of you on a plane or train.
Example Sentence: I’m very tall so I like a seat with plenty of leg room.

 

 

DIRECT MAIL dɪˈrɛkt meɪl

08 Jan 2024

Noun

  • a form of advertising when promotional letters are sent to potential customers.
Example Sentence: They started to promote their service by using direct mail.
 

RECEIVABLES rɪˈsivəbəls

08 Dec 2023

Noun

  • money that a business expects to receive.
Example Sentence: The company generates roughly $400 million in receivables annually.
 

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.
 

GO BUST goʊ bʌst

08 Oct 2023

Phrasal Verb

  • (of a company) close because it cannot make enough money.
Example Sentence: The company went bust after 12 months of severe losses.
 

SOLE soʊl

08 Sep 2023

Adjective

  • alone; being the only one.
Example Sentence: They are the sole distributor of the luxury car.
 

EXPAND ɪkˈspænd

08 Aug 2023

Verb

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

HAND OVER hænd oʊvər

08 Jul 2023

Phrasal Verb

  • give.
Example Sentence: He finally handed over the keys.
 

NARROW DOWN næroʊ daʊn

08 Jun 2023

Phrasal Verb

  • reduce number.
Example Sentence: The police department attempted to narrow down the list of suspects.
 

HARD-SELL hɑrd sɛl

08 May 2023

Noun

  • (of selling or advertising) aggressive and forceful .
Example Sentence: He tried to defend the hard-sell tactics used to entice customers.
 

MINUTES mɪnɪts

08 Apr 2023

Noun

  • the official notes taken in a meeting.
Example Sentence: The secretary took the minutes during the meeting.
 

THROW COLD WATER ON (SOMETHING)  

08 Mar 2023

Phrase

  • to discourage or forbid something.
Example Sentence: The manager threw cold water on our plan to close the factory for one week.
 
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