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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. 

EXCESS ɛksɛs

Noun

  • a part of the cost of an accident, injury, etc. that you agree to pay yourself when you buy insurance:
Example Sentence: Cover would cost £239 a year with a £75 excess, or £215 a year with a £250 excess.

 

 

LOBBY lɒbi

Noun

  • a room in the hotel, usually close to the main reception, for relaxing, including comfortable chairs and sofas.
Example Sentence: I’ll meet you in the lobby of the Sheraton Hotel at 9pm.

 

 

DESTINATION dɛstəˈneɪʃən

Noun

  • the place someone is travelling to.
Example Sentence: Our final destination today will be a restaurant on the beach for a sunset dinner.

 

 

UNDERCUT ʌndərˈkʌt

Verb

  • to charge less than a competitor.
Example Sentence: They have reduced their price to undercut their rivals.
 

CHANGE HANDS tʃeɪndʒ hænds

Phrase

  • to pass to a different owner.
Example Sentence: The company changed hands for $150 million.
 

PERFORMANCE pərˈfɔrməns

Noun

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

UNIQUE SELLING POINT  

Phrase

  • A feature of a product which makes it different from the rest.
Example Sentence: It's Unique Selling Point is that it is waterproof, unlike the others.
 

MARKETING MIX mɑrkɪtɪŋ mɪks

Noun

  • the combination of marketing strategies a company uses.
Example Sentence: It's important to get the right marketing mix.
 

BRISK brɪsk

Verb

  • quick and lively.
Example Sentence: Business has been brisk this morning; we've sold 500 units already.
 

TAKEN IN teɪkən ɪn

Phrasal Verb

  • believe.
Example Sentence: She was completely taken in by the man's story.
 

CATCH UP kætʃ ʌp

Phrasal Verb

  • reach same point.
Example Sentence: I've been on holiday and need to catch up with the latest developments.
 

RETAIL OUTLET riteɪl aʊtlɛt

Noun

  • a place where products are sold to the public.
Example Sentence: They have retail outlets all over America, Europe and Asia.
 

BOOST bust

Verb

  • to give extra energy or increase something, such as sales.
Example Sentence: They're hoping that the new ad campaign will boost sales.
 

SECURITY POLICY  

phrase

  • the set of laws, rules, and practices that regulate how an organization manages, protects, and distributes sensitive information over the internet or intranet
Example Sentences:If it is important for a website to be secure, then it is important to be sure all of the security policy is enforced by mechanisms that are strong enough.
As our website has experienced a number of recent security breaches, we’re developing a new security policy.
 

EXPERIENCE / ɪkˈspɪə.ri.ənt s/

noun

  • (the process of getting) knowledge or skill from doing a job
Example Sentences:This applicant has over 10 years experience in this field.
How much experience do you have working with computer databases?
 
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