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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. 

SELL OUT sɛl aʊt

Phrase

  • to sell all of a product.
Example Sentence: Every year our company is able to sell out most of our summer goods.
 

GO THROUGH WITH (SOMETHING)  

Phrase

  • to do something as planned or as agreed.
Example Sentence: We will not go through with our plans to build the new product until we have sold our stock.
 

HAVE THE FLOOR  

Phrase

  • to have permission to speak in a meeting
Example Sentence: The president had the floor for almost an hour during the meeting.
 

BOTTOM OUT bɒtəm aʊt

Phrasal Vetb

  • to reach the lowest or worst point.
Example Sentence: The value of the stock has begun to bottom out and it should soon begin to rise again.
 

BRAND AWARENESS brænd əˈwɛərnɛs

Noun

  • the extent to which a brand is recognised by the public.
Example Sentence: The ad campaign aims to boost brand awareness in the country.
 

GROSS NATIONAL PRODUCT  

Noun

  • the total value of all the services and goods produced by a certain country a year including the income from abroad.
Example Sentence: Why should we be happy when our GNP increases?' It is a question every economist can answer very easily.
 

TO FREEZE friz

Verb

  • to hold the price of a product, service, salaries, wages etc at the same level for some time.
Example Sentence: The government has decided to freeze wages in the public sector due to the after-effects of the economic crisis.
 

TO STIFLE staɪfəl

Verb

  • To prevent something from happening.
Example Sentence: The strong yen stifles economic growth.
 

TAX RELIEF tæks rɪˈlif

Noun

  • Are amounts which you can deduct from your annual income to reduce the amount on which you have to pay tax.
Example Sentences: Tax relief that can be claimed in connection with employment includes travel expenses necessary for you to carry out your work and for which the employer does not pay.
I claimed tax relief on my Hong Kong business trip.
 

WIN-WIN wɪn wɪn

Phrase

  • describes a situation, plan, etc. in which you cannot lose, whatever choice of action you make, or in which all the groups involved will gain benefits.
Example Sentences: This is a win-win situation for her, because whoever wins this match, she's still going to be champion.
Promoting fair-trade is a win-win option, because everyone, both producers and consumers, benefits.
 

SHARP-NOSED /ʃɑrp noʊz/

Adjective

  • Someone who is sharp-nosed is good at dealing with money.
Example Sentences: David hasn't become rich by luck. He's a very sharp-nosed businessman.
 

A SIGNATURE /sɪgnətʃər/

Noun

  • your name, written by hand. "To sign" means to write your name.
Example Sentence: His signature was required to open an account.
 

FORMERLY fɔrmərli

adverb

  • Formerly is an adverb meaning in the past.
Example Sentences: The European Union was formerly called the European Community.
Hong Kong was formerly a British colony.
 

TO RUN A TIGHT SHIP  

phrase

  • If someone runs a tight ship, they do their job or manage their department or organization in a very efficient manner.
Example Sentences: She's an excellent manager. She runs a really tight ship.
This department used to be run as a tight ship, but look at it now!
 

REGULAR CUSTOMER /reg′yə lər kus′tə mər/

phrase

  • a customer who often buys a product or service from the same company
Example Sentences:We generally give better sales terms to our regular customers.
As I’m a regular customer, can you offer me a bigger discount?
 
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