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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. 

AUDIT ɔdɪt

24 Jul 2021


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

ASSIGN əˈsaɪn

23 Jul 2021


  • 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

22 Jul 2021


  • 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

21 Jul 2021


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

UNIT COST yunɪt kɔst

20 Jul 2021


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

SURPLUS sɜrplʌs

19 Jul 2021


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

SUBLIMINAL sʌbˈlɪmənl

18 Jul 2021


  • 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

17 Jul 2021


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

SLASH slæʃ

16 Jul 2021


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

SCARCE skɛərs

15 Jul 2021


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

SALES PITCH seɪlz pɪtʃ

14 Jul 2021


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

POLICY pɒləsi

13 Jul 2021


  • a plan of what to do in certain situations; a set of ideas.
Example Sentence: The company has a clear policy on dealing with bullying.

PLANT plænt

12 Jul 2021


  • a factory or place where something is produced, including energy.
Example Sentence: They announced that the plant would be closed down in 6 months.

PHASE feɪz

11 Jul 2021


  • a defined stage or part of a process.
Example Sentence: The next phase of the project will involve building a prototype.

PERFORMANCE pərˈfɔrməns

10 Jul 2021


  • how well somebody/something does something.
Example Sentence: The company's performance has improved in recent months.