Business Word/Phrase of the Day

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DUMPING dʌmpɪn

21 Mar 2019

Verb

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

DOMESTIC dəˈmɛstɪk

20 Mar 2019

Adjective

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

DISPUTE dɪˈspyut

19 Mar 2019

Noun

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

DESPATCH dɪˈspætʃ

18 Mar 2019

Verb

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

DEPOSIT dɪˈpɒzɪt

17 Mar 2019

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  

16 Mar 2019

Phrase

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

TO CORNER THE MARKET  

15 Mar 2019

phrase

  • If a company corners the market for a particular type of product, it is more successful than any other company at selling the product.
Example Sentences: He's the only person who imports this product. He's really cornered the market.
MacDonald's have cornered the fast-food market - they're in every big city in the world.
 

CONSORTIUM kənˈsɔrʃiəm

14 Mar 2019

Noun

  • a group of companies that cooperate and share resources.
Example Sentence: The company is part of an international consortium.
 

CONSIGNMENT kənˈsaɪnmənt

13 Mar 2019

Noun

  • a certain amount of deliverable products.
Example Sentence: The consignment of goods from Belgium is delayed.
 

FOLLOW UP fɒloʊ ʌp

12 Mar 2019

Phrasal Verb

  • get more information.
Example Sentence: The manager has said he would follow up the idea.
 

CONFIDENTIALITY kɒnfɪˈdɛnʃəl

11 Mar 2019

Noun

  • the state of being secret.
Example Sentence: I am giving you this information in complete confidentiality.
 

COMMUTE kəˈmyut

10 Mar 2019

Verb

  • to travel to and from a city every day for work.
Example Sentence: I commute to work by train, a round-trip distance of 40 miles.
 

COMMISSION kəˈmɪʃən

09 Mar 2019

Noun

  • money which is paid when somebody achieves certain targets.
Example Sentence: The salary is average but they can earn commission on top.
 

COHERENT koʊˈhɪərənt

08 Mar 2019

Adjective

  • well-organised (typically used to describe a text or speech)
Example Sentence: He gave a coherent argument for making all drugs legal.
 

CLASSIC BRAND klæsɪk brænd

07 Mar 2019

Noun

  • a brand that many people have known for a long time.
Example Sentence: Coca Cola is the best known classic brand.
 
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