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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 FIRE SOMEONE faɪər sʌmˌwʌn

09 Dec 2024

Verb

  • to officially terminate somebody's employment; to make someone leave their job.
Example Sentences: He was so bad at handling customer complaints that in the end we had to fire him.
Andy got fired last week because he turned out to be the spy of our competitor.
 

TO SATURATE (a market) sætʃəˌreɪt

09 Nov 2024

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.
 

TAX HAVEN tæks heɪvən

09 Oct 2024

Noun

  • Is a country where companies or individuals may legally take advantage of lower taxation levels.
Example Sentence: Well-known tax havens include: Bermuda, British Virgin Islands, Gibraltar and the Isle of Man.
 

TOUCH BASE tʌtʃ beɪs

09 Sep 2024

Phrase

  • If you touch base with someone, you get in touch and communicate briefly with them on some topic.
Example Sentence: Nancy, I urgently need to touch base with you on the Helegon project. Do you have any time to meet this afternoon?
 

THE GRAVY TRAIN  

09 Aug 2024

Phrase

  • The gravy train is a way of making money quickly, easily, and often dishonestly.
Example Sentences: With no end to the property boom in sight, speculators are continuing to ride the gravy train.
 

A TRANSACTION /trænˈsækʃən/

09 Jul 2024

Noun

  • a business action such as putting money into an account or taking it out.
Example Sentence: There have been several transactions on the account since last month.
 

PRINCIPAL prɪnsəpəl

09 Jun 2024

noun

  • A principal is the head of a school.
Example Sentences: The principal is in a meeting with the deputy-principal and senior teachers.
 

TO BE IN THE MARKET FOR SOMETHING  

09 May 2024

phrase

  • If you are in the market for something, you are looking for something particular that you want to buy.
Example Sentences: No, I do not like this car. Actually, I am in the market for a new Mercedes.
We were in the market for a new house, but we decided instead to move to an apartment.
 

SALES FORCE /seɪlz fôrs/

09 Apr 2024

phrase

  • all the employees of a company whose job is persuading customers to buy their company's products or services
Example Sentences:The company has a worldwide sales force of around 3,000 people.
The company’s sales force has just been cut by 20% due to falling demand for the company’s products.
 

BENEFICIARY ˌbɛnəˈfɪʃiˌɛri

09 Mar 2024

Noun

  • the person who will receive something.
Example Sentence: I was the sole beneficiary in my father's will.
 

CARRY-ON LUGGAGE
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09 Feb 2024

Noun

  • refers to luggage, the small bag(s), you can take on board the plane
Example Sentence: Most airlines limit the weight of carry-on luggage to 7 kilos.

 

 

ESSENCE ɛsəns

09 Jan 2024

Noun

  • the most important part of an idea, a system etc.
Example Sentence: The essence of her message was that costs must be reduced.
 

RESTRUCTURE riˈstrʌktʃər

09 Dec 2023

Verb

  • to make changes to the organisation of a company.
Example Sentence: The new owner plans to restructure the failing car maker.
 

DEMOTE dɪˈmoʊt

09 Nov 2023

Verb

  • to be moved to a position of lower status.
Example Sentence: He was demoted because of poor performance.
 

IN BULK ɪn bʌlk

09 Oct 2023

Phrase

  • in large amounts.
Example Sentence: We buy paper in bulk at a very low price.
 
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