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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. 

LOYALTY lɔɪəlti

07 May 2021

Noun

  • a person/groups' willingness to stay with one particular product.
Example Sentence: Customer loyalty can be improved by using a card scheme.
 

IMAGE ɪmɪdʒ

06 May 2021

Noun

  • how something is seen and understood by others.
Example Sentence: The company gained a bad image following the scandal.
 

GO ON STRIKE  

05 May 2021

Phrase

  • collectively stop working because of poor conditions or pay.
Example Sentence: The teachers are going to go on strike to protest about low salaries.
 

FUNDAMENTAL fʌndəˈmɛntl

04 May 2021

Adjective

  • relating to essential structures, facts, or functions.
Example Sentence: They are considering fundamental changes to the education system.
 

FREIGHT / frāt/

03 May 2021

noun

  • A transportation term meaning any goods transported by a vehicle or ship, and/or any charges incurred for such transport.
Example Sentences:What is the freight charge for sending a container of this size to the UK?
90% of all freight entering the country is transported by rail to China.
 

FRANCHISE SOMETHING fræntʃaɪz

02 May 2021

Verb

  • to give somebody the exclusive right to sell your product in an area.
Example Sentence: They franchised the technology to a firm in China.
 

FLOOD A MARKET  

01 May 2021

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.
 

EXPAND ɪkˈspænd

30 Apr 2021

Verb

  • to become larger in size or number.
Example Sentence: The company is going to expand to China and Japan.
 

ENDORSEMENT ɛnˈdɔrsmənt

29 Apr 2021

Noun

  • a form of advertising that involves a famous person to promote a product.
Example Sentence: The athlete's endorsement helped boost sales of the product.
 

DUMPING dʌmpɪn

28 Apr 2021

Verb

  • when goods are sold abroad for a much cheaper price.
Example Sentence: Dumping enables companies to offload unwanted stock.
 

DOMESTIC dəˈmɛstɪk

27 Apr 2021

Adjective

  • relating to a country's internal economy or businesses.
Example Sentence: They are attempting to protect the domestic industries.
 

DISPUTE dɪˈspyut

26 Apr 2021

Noun

  • argument.
Example Sentence: He left the company after a dispute with his manager.
 

DESPATCH dɪˈspætʃ

25 Apr 2021

Verb

  • to send something (especially a business delivery)
Example Sentence: We will despatch the goods when the payment is received.
 

DEPOSIT dɪˈpɒzɪt

24 Apr 2021

Noun

  • a large store of something natural deep underground, especially oil.
Example Sentence: Companies are searching for oil deposits under the Pacific Ocean.
 

DECLINING MARKET  

23 Apr 2021

Phrase

  • a market that is becoming worse.
Example Sentence: The declining market in caravans is due to the growth of cheap airlines.
 
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