Business Word/Phrase of the Day

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IN THE BLACK  

21 Sep 2020

Phrase

  • to be successful, to be making money, to be profitable.
Example Sentence: The new company has been in the black for many years now.
 

BUDGET CRUNCH/SQUEEZE  

21 Aug 2020

Phrase

  • a situation where there is not enough money in the company.
Example Sentence: There is a severe budget squeeze at our company and we must stop wasting money.
 

CLARIFY klærəˌfaɪ

21 Jul 2020

Verb

  • to make something clear.
Example Sentence: Can we please clarify who will be responsible for the project?
 

TO BE ON THE BALL  

21 Jun 2020

Phrase

  • to be able to understand and react to any situation or fact quickly.
Example Sentence: Although the new marketing manager is really on the ball, the CEO doesn't like her. He must be jealous – she is much younger and probably much more talented than he is.
 

TO RELOCATE riˈloʊkeɪt

21 May 2020

Verb

  • to find a new location for a company to operate.
Example Sentence: The minimum wage in this country has gone up significantly. I'm afraid we'll have to relocate soon. How about South East Asia?
 

PERSUASIVE pərˈsweɪsɪv

21 Apr 2020

Adjective

  • able to make somebody do something or believe (in) something.
Example Sentences: He was so persuasive that it was impossible to beat him as a salesman – he could sell anyone anything any time.
 

DIRECT TAXATION dɪˈrɛkt tækˈseɪʃən

21 Mar 2020

Noun

  • includes taxes which are imposed directly on the individual paying them.
Example Sentences: Examples of direct taxation are income tax, capital gains tax and inheritance tax.
High direct taxation hits the rich hard.
 

CAPITAL kæpɪtl

21 Feb 2020

Noun

  • Money used for producing more wealth or for starting a new business.
Example Sentences: She leaves her capital untouched in the bank and lives off the interest.
We've put 20 000 capital into the business, but we're unlikely to see any return for a few years.
 

INVISIBLE EXPORTS /ɪnˈvɪzəbəl ɪkˈspɔrt/

21 Jan 2020

Noun

  • Services supplied to foreign countries such as banking and other financial services are called invisible exports
Example Sentences: Invisible exports now make up more than half of the United Kingdom's GDP
 

TO ENDORSE A CHEQUE  

21 Dec 2019

Verb

  • to sign the cheque on the back.
Example Sentence: She endorsed the back of the cheque in order to cash it.
 

LATER leɪtər

21 Nov 2019

adjective

  • Later is the comparative form of the adjective late, meaning (happening or being) near the end of a period of time.
Example Sentences: Jenny said she'd be joining the meeting later.
He arrived a little later than expected.
 

TO CORNER THE MARKET  

21 Oct 2019

phrase

  • If a company corners the market for a particular type of product, it is more successful than any other company at selling the product.
Example Sentences: He's the only person who imports this product. He's really cornered the market.
MacDonald's have cornered the fast-food market - they're in every big city in the world.
 

WHOLESALE PRICE /ˈhoʊlˌseɪl prīs/

21 Sep 2019

phrase

  • the price of goods charged to shops and businesses for buying large quantities of the goods
Example Sentences:The wholesale price of goods is always cheaper than the retail price.
If you buy this bed in a shop, you’ll pay around $600. However, the wholesale price is only $400.
 

DEREGULATION diˈrɛgyəˌleɪt

21 Aug 2019

Noun

  • the reduction of rules that aim to control an industry .
Example Sentence: Their success is partly due to deregulation of the industry.
 

RAISE CAPITAL reɪz kæpɪtl

21 Jul 2019

Phrase

  • to try to get money for a business venture.
Example Sentence: The factory was sold to raise capital.
 
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