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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. 

MEDICAL EXPENSES mɛdɪkəl ɪkˈspɛns

Noun

  • the money spent in a hospital for medicine, doctors’ fees, tests, etc.
Example Sentence: Often medical expenses can be used when filing taxes each year.

 

 

RESERVATION rɛzərˈveɪʃən

Noun

  • when you arrange to have something such as a seat on an aircraft or a table at a restaurant kept for you.
Example Sentence: Please confirm your reservation in writing by Friday.

 

 

BROCHURE broʊˈʃʊər

Noun

  • a small leaflet or booklet usually advertising or giving some information.
Example Sentence: Please take a look at our brochure. It has all the details and opening times of the local museums.

 

 

TRADEOFF treɪdˌɔf

Noun

  • a situation in which you accept something bad in exchange for something good.
Example Sentence: They may be willing to accept the tradeoff of a higher price for time saved.
 

CAPITAL EXPENDITURE kæpɪtl ɪkˈspɛndɪtʃər

Noun

  • the cost of long-term improvements.
Example Sentence: They do not have enough cashflow to cover their capital expenditure.
 

MEET DEMAND mit dɪˈmænd

Phrase

  • manage to supply enough of something.
Example Sentence: The company is struggling to meet the sudden demand.
 

UNDERPERFORM ʌndərpərˈfɔrm

Verb

  • not doing as well as it should.
Example Sentence: The new mobile phone is underperforming on the Asian market.
 

MAKE SENSE meɪk sɛns

Phrase

  • to be logical, having considered all the facts.
Example Sentence: I think it makes sense for us to buy a new printer.
 

BOOM bum

Verb

  • a period of economic improvement and increased consumption.
Example Sentence: There was a boom in the 1980s in the UK.
 

SLIP UP slɪp ʌp

Phrasal Verb

  • make mistake.
Example Sentence: These figures don't make sense - have we slipped up somewhere?
 

BRING FORWARD brɪŋ fɔrwərd

Phrasal Verb

  • make earlier.
Example Sentence: The book's publication date has been brought forward.
 

RECESSION rɪˈsɛʃən

Noun

  • a period of economic decline and reduced consumption.
Example Sentence: After the boom of the 1980's the UK economy went into recession.
 

AXE æks

Verb

  • to suddenly reduce or stop providing something.
Example Sentence: The product was axed a mere five weeks after it was launched.
 

WORK EXPERIENCE /wɜːk ɪkˈspɪə.ri.ənt s/

phrase

  • a short unpaid period of time at a workplace, to gain experience of a working environment
Example Sentences:I’m working for the company unpaid for a few days just to gain work experience.
Although I was only employed by the company for a week, it was very valuable work experience.
 

TO ACCESS /ˈæk.ses/

verb

  • to open a computer file, network or website in order to look at or change information in it
Example Sentences:This won’t fix all of the issues, but it will certainly make it harder for hackers to access sensitive information.
I can’t access the website right now. Do you know if it’s down?
 
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