Business Word/Phrase of the Day

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INCENTIVE ɪnˈsɛntɪv

24 May 2019

Noun

  • something that incites or encourages an action or greater effort.
Example Sentence: Many universities have started providing large incentives to encourage student enrolment.
 

STAFF TURNOVER stæf tɜrnˌoʊvər

24 Apr 2019

Noun

  • the rate with which employees leave and join a company.
Example Sentence: Morale is very low and so staff turnover is quite high.
 

FLOOD A MARKET  

24 Mar 2019

Phrase

  • to introduce a new product on the market in a very large quantity.
Example Sentence: They have flooded the market with merchandise for the film.
 

ACQUISITION ækwəˈzɪʃən

24 Feb 2019

Noun

  • the process of getting or buying something, especially another business
Example Sentence: The company will pay $210 million in cash to complete the acquisition.
 

PLAY UP pleɪ ʌp

24 Jan 2019

Phrasal Verb

  • have problems.
Example Sentence: The car is beginning to play up again. It must be its age.
 

ACCOUNT FOR əˈkaʊnt fɔr

24 Dec 2018

Phrasal Verb

  • explain.
Example Sentence: She was unable to account for over $5000.
 

OBSTACLE ɒbstəkəl

24 Nov 2018

Noun

  • something which makes it difficult to do something or get somewhere.
Example Sentence: Companies say that corruption is still the biggest obstacle in the region.
 

THROW MONEY AT (SOMETHING)  

24 Oct 2018

Phrase

  • to try to solve a problem by spending money on it.
Example Sentence: The president of our company is willing to throw a lot of money at the problem to solve it.
 

PIECE/SLICE OF THE ACTION  

24 Sep 2018

Phrase

  • a share in the activity or the profits of something.
Example Sentence: The inventor wanted a piece of the action from the new computer that he had designed.
 

MAKE A COLD CALL  

24 Aug 2018

Phrase

  • to visit or telephone a potential but unknown customer.
Example Sentence: When he first started to work at his company the salesman was asked to make a cold call.
 

CLOSE UP SHOP  

24 Jul 2018

Phrase

  • to stop doing business (for a variety of reasons.)
Example Sentence: The university bookstore had to close up shop when their rent was increased.
 

GREEN SHOOTS grin ʃuts

24 Jun 2018

Noun

  • signs of recovery in times of an economic crisis or downturn.
Example Sentence: Today our chief economic correspondent will look at whether there are green shoots in the house building market this spring.
 

TO LUBRICATE lubrɪˌkeɪt

24 May 2018

Verb

  • to make something run/operate more smoothly.
Example Sentence: The government intended to lubricate the financial wheels with the help of a series of measures.
 

PURVEYOR pərˈveɪər

24 Apr 2018

Noun

  • a company that supplies goods or services.
Example Sentence: Although we've just entered the market, we'd like to become the number one purveyor of fine wines and rare spirits within a year.
 

FREELANCER friˌlænsər

24 Mar 2018

Noun

  • someone who earns their living by selling their work/services to different employers or companies without a (long-term) contract.
Example Sentence: As a freelancer, you cannot afford to be lazy and just wait for orders to come in – you really have to be pro-active.
 
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