Sales and Marketing

SUPPLY AND DEMAND  

13 Feb 2020

Phrase

  • Is the idea that the price of goods and services depends on how much of something is being sold and how many people want to buy it.
Example Sentence: If we are going to remain competitive, we have no choice but to lower our prices. There are simply too many hotels in the city. It’s supply and demand!
 

STANDING ORDER /stan′diŋ ôr′dər/

13 Jan 2020

phrase

  • Purchase order covering repeated deliveries of goods or services in specified quantities, at specified prices, and according to a specified schedule.
Example Sentences:We have a standing order for 100 reams of A4 paper each month.
Since we’re ordering regularly from this supplier, I suggest we set up a standing order with them.
 

TRADE FAIR /treɪd fɛər/

10 Jan 2020

Noun

  • A trade fair is a large gathering at which companies show and sell their products.
Example Sentence: Singapore is currently holding an international trade fair for the IT industry.
 

ACCEPT ækˈsɛpt

10 Nov 2019

verb

  • Accept means to consider something or someone as satisfactory. It can also mean to agree to take something.
Example Sentences: My boss accepted my excuse for coming late to work.
Do you accept credit cards?
 

REMAINDER rɪˈmeɪndər

07 Nov 2019

noun

  • The remainder is the part of something that is left after the other parts have gone, been used, or been taken away
Example Sentences: I ate most of it and gave the remainder to the dog.
It rained the first day but the remainder of the trip was lovely.
 

REMINDER rɪˈmaɪndər

06 Nov 2019

noun

  • A reminder is a written or spoken message which reminds someone to do something.
Example Sentences: If he forgot to pay his rent, his landlady would send him a reminder.
Mum sent me off with a final reminder to be back before 11pm.
 

ENSURE ɛnˈʃʊər

05 Nov 2019

verb

  • To ensure is make something certain to happen.
Example Sentences: The airline is taking steps to ensure safety on its aircraft.
The role of the police is to ensure (that) the law is obeyed.
 

ASSURE əˈʃʊər

04 Nov 2019

verb

  • If you assure someone, you tell them confidently that something is true, especially so that they do not worry.
Example Sentences: The unions assured the new owners of the workers' loyalty to the company.
She assured him (that) the car would be ready the next day.
 

LICENCE līˈsəns

01 Nov 2019

noun

  • A licence is an official document which gives you permission to own, do or use something, usually after you have paid money and/or taken a test. (UK ENGLISH: License)
Example Sentences: Do you need a licence to operate a fork-lift truck?
The police officer checked his driving licence.
 

LICENSE  

31 Oct 2019

verb

  • License is used as a verb meaning to give someone official permission to do or have something.
Example Sentences: Several companies have been licensed to sell these products.
If the product is not licensed to you, you cannot use it.
 

PAYMENT TERMS /pā′mənt tʉrmz/

29 Sep 2019

phrase

  • Conditions under which a seller will make a sale. Typically, these terms specify the period allowed to a buyer to pay off the amount due, and may demand cash in advance, cash on delivery, deferred payment period of 30 days or more, etc.
Example Sentences:According to our payment terms, invoices must be settled within 14 days.
We couldn’t accept their payment terms so we chose another supplier.
 

WHOLESALE PRICE /ˈhoʊlˌseɪl prīs/

21 Sep 2019

phrase

  • the price of goods charged to shops and businesses for buying large quantities of the goods
Example Sentences:The wholesale price of goods is always cheaper than the retail price.
If you buy this bed in a shop, you’ll pay around $600. However, the wholesale price is only $400.
 

DISCOUNT /dis′ko̵unt′/

17 Sep 2019

noun

  • a reduction in price from the original sale price
Example Sentences:The company is offering a discount of 30% on their standard price for all goods purchased before the end of the month.
We offered them a further discount of 5% but they rejected it.
 

REGULAR CUSTOMER /reg′yə lər kus′tə mər/

15 Sep 2019

phrase

  • a customer who often buys a product or service from the same company
Example Sentences:We generally give better sales terms to our regular customers.
As I’m a regular customer, can you offer me a bigger discount?
 

SALES FORCE seɪlz fɔrs

14 Sep 2019

Noun

  • all the people who sell for a company.
Example Sentence: The company is hoping to expand its sales force.
 
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