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. To receive 'Business Word/Phrase of the Day' by email, just subscribe to our newsletter. You can choose whether to receive notifications daily, weekly or monthly. Simply click on the link on the right to subscribe. It's free!

BOARD bɔrd

18 Jun 2019


  • a group of people who are responsible for making decisions.
Example Sentence: The corporation is run by a Board of Governors.

AUDIT ɔdɪt

17 Jun 2019


  • an investigation of a company's finances to make sure they are correct.
Example Sentence: They are carrying out the annual audit.

ASSIGN əˈsaɪn

16 Jun 2019


  • to give a particular job or task to somebody.
Example Sentence: The job of finding more seats for the event was assigned to Paul.

WHOLESALE hoʊlˌseɪl

15 Jun 2019


  • sold cheaply in large amounts, especially to shops, who resell the goods.
Example Sentence: They claim to sell their products at wholesale prices.

VOLUME vɒlyum

14 Jun 2019


  • the total amount of something.
Example Sentence: The volume of trade has dropped in recent months.

UNIT COST yunɪt kɔst

13 Jun 2019


  • the cost of producing one item of a product.
Example Sentence: The unit cost of the product is just $2.

SURPLUS sɜrplʌs

12 Jun 2019


  • extra money that was not spent.
Example Sentence: The surplus is due to the falling energy costs.

SUBLIMINAL sʌbˈlɪmənl

11 Jun 2019


  • in a way that cannot be noticed by the viewer.
Example Sentence: They are accused of using subliminal advertising to sell products to children.

STIFF stɪf

10 Jun 2019


  • strong and difficult to beat.
Example Sentence: They need to reduce costs in the face of stiff competition.

SLASH slæʃ

09 Jun 2019


  • greatly reduce in price or number.
Example Sentence: Prices have been slashed in the summer sales.

SCARCE skɛərs

08 Jun 2019


  • not enough of something available, especially a resource.
Example Sentence: Water is scarce in some regions of Africa.

SALES PITCH seɪlz pɪtʃ

07 Jun 2019


  • what a salesman says when trying to sell something.
Example Sentence: His sales pitch was very convincing.

POLICY pɒləsi

06 Jun 2019


  • a plan of what to do in certain situations; a set of ideas.
Example Sentence: The company has a clear policy on dealing with bullying.

PLANT plænt

05 Jun 2019


  • a factory or place where something is produced, including energy.
Example Sentence: They announced that the plant would be closed down in 6 months.

PHASE feɪz

04 Jun 2019


  • a defined stage or part of a process.
Example Sentence: The next phase of the project will involve building a prototype.