Business Word/Phrase of the Day

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CEILING silɪŋ

13 Jun 2020

Noun

  • the highest amount or limit that can be charged for a product or service; also, the maximum number or quantity of goods that can be produced.
Example Sentence: The government decided to intervene and place a price ceiling on certain products - the impact on consumer demand and production was dramatic.
 

BREAKEVEN breɪkˈivən

13 May 2020

Noun

  • the point at which a business operation can begin to make profit, and no longer loses money.
Example Sentence: I'm sure my husband's company will reach breakeven within a year.
 

TO INFILTRATE ɪnˈfɪltreɪt

13 Apr 2020

Verb

  • to enter an organization/company secretly in order to gain information about it or cause harm to it.
Example Sentence: The company was infiltrated by Russian agents who stole the description of the new technology.
 

TAX ALLOWANCES tæks əˈlaʊəns

13 Mar 2020

Noun

  • Are concessions by the Inland Revenue which can be used to reduce a person's Taxable Income.
Example Sentence: Do you know how much the tax allowance is for a married person in Hong Kong?
 

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.
 

DIP INTO /dɪp ɪntʊ/

13 Dec 2019

Phrasal Verb

  • to spend part of your saved money.
Example Sentence: I've had to dip into my savings to pay for the repairs to the apartment.
 

DRAUGHT drɑft

13 Nov 2019

noun

  • A draught is a current of unpleasantly cold air blowing through a room. (confusingly in US English they use 'draft' to mean this).
Example Sentences: Can you shut the door? - there's a terrible draught coming through.
 

TO CUT ONE'S LOSSES  

13 Oct 2019

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/

13 Sep 2019

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.
 

CHAIN tʃeɪn

13 Aug 2019

Noun

  • many shops that are run under the same name, brand & owner.
Example Sentence: The supermarket chain is opening a new store in the town.
 

INTELLECTUAL PROPERTY ɪntlˈɛktʃuəl prɒpərti

13 Jul 2019

Noun

  • something that somebody creates which has value, esp. music, art, text, etc.
Example Sentence: The designer claims that her intellectual property rights were infringed.
 

UNIT COST yunɪt kɔst

13 Jun 2019

Noun

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

CLINCH klɪntʃ

13 May 2019

Verb

  • to successfully close a difficult business deal.
Example Sentence: After 5 hours of negotiating, they finally clinched a deal.
 

PERK pɜrk

13 Apr 2019

Noun

  • an added benefit of something, especially a job.
Example Sentence: The company car is just one of the perks of my new job.
 
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