Business Word/Phrase of the Day

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LATTER lætər

20 Nov 2019

adjective

  • Latter is an adjective meaning near or towards the end of something.
Example Sentences: Building of the new library should begin in the latter part of next year.
In the latter stages of the fight he began to get tired.
 

TO DRIVE A HARD BARGAIN  

20 Oct 2019

phrase

  • To drive a hard bargain is to expect a lot in exchange for what you pay or do.
Example Sentences: It's hard doing business with Maggie. She drives a hard bargain.
I had to give them a 30% discount or the deal was off. They drove a hard bargain.
 

IMPORT LICENSE /ɪmˈpɔrt lahy-suh ns/

20 Sep 2019

phrase

  • An import license is a document issued by a national government authorizing the importation of certain goods into its territory.
Example Sentences:You won’t be able to import wood products into the country unless you have an import license to do so.
Although I had the correct import license, customs did not allow my shipment out of the port of entry.
 

CUSTOMER LOYALTY kʌstəmər lɔɪəlti

20 Aug 2019

Noun

  • the likelihood customers will stay with a company and resist competitive offers.
Example Sentence: The supermarket is hoping to boost customer loyalty with the new reward scheme.
 

PARENT COMPANY pɛərənt kʌmpəni

20 Jul 2019

Noun

  • a company that owns control of one or more subsidiary companies.
Example Sentence: It is the parent company of several publishing firms.
 

CLAUSE klɔz

20 Jun 2019

Noun

  • a section or statement from a legal text, such as a law or a contract.
Example Sentence: The lawyer drew his attention to clause 12.5 of the contract.
 

FLOP flɒp

20 May 2019

Verb

  • very unsuccessful.
Example Sentence: The product was a flop and was discontinued after just 6 months.
 

SLOGAN sloʊgən

20 Apr 2019

Noun

  • A phrase which a company creates to accompany a product.
Example Sentence: Which product had the slogan, 'You can't beat the feeling?'.
 

DOMESTIC dəˈmɛstɪk

20 Mar 2019

Adjective

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

LEVEL OFF lɛvəl ɔf

20 Feb 2019

Phrasal Verb

  • stop increasing.
Example Sentence: Prices levelled off in mid-June.
 

NARROW DOWN næroʊ daʊn

20 Jan 2019

Phrasal Verb

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

HARD-SELL hɑrd sɛl

20 Dec 2018

Noun

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

TAKE ON (AN EMPLOYEE)  

20 Oct 2018

Phrase

  • to give a job to someone, to hire someone.
Example Sentence: The company took on many new workers during the busy holiday season.
 

OUT OF THE LOOP  

20 Sep 2018

Phrase

  • to not be involved or taking part in a job.
Example Sentence: I was out of the loop during the negotiations and did not know what was going on.
 

LAND AN ACCOUNT  

20 Aug 2018

Phrase

  • to acquire an account.
Example Sentence: The salesman landed a large account on his first day of work.
 
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