Business Word/Phrase of the Day

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TO FIRE SOMEONE faɪər sʌmˌwʌn

18 May 2020

Verb

  • to officially terminate somebody's employment; to make someone leave their job.
Example Sentences: He was so bad at handling customer complaints that in the end we had to fire him.
Andy got fired last week because he turned out to be the spy of our competitor.
 

TO PUT YOUR EGGS ALL IN ONE BASKET  

17 May 2020

Phrase

  • to choose one particular thing over another and not rely on several choices at the same time.
Example Sentence: He really put all his eggs into on one basket and decided to leave all the other markets and concentrate solely on India.
 

INSOLVENT /ɪnˈsɒl vənt/

16 May 2020

adjective

  • A person or company becomes insolvent if they are unable to pay their debts when they are due to be paid.
Example Sentences:Probably 90% of the adult population in this country are insolvent in real terms due mainly to mortgage debts.
After the loss of several major contracts, the company has become insolvent.
 

TO COME TO A HALT  

15 May 2020

Phrase

  • come to a stop in the process.
Example Sentence: The expansion of his company came to a halt when one of his employees embezzled a considerable
 

TO HAVE ONE’S FEET ON THE GROUND  

14 May 2020

Phrase

  • to be sensible.
Example Sentence: Despite his huge sudden success in business he manages to keep his feet on the ground.
 

BREAKEVEN breɪkˈivən

13 May 2020

Noun

  • the point at which a business operation can begin to make profit, and no longer loses money.
Example Sentence: I'm sure my husband's company will reach breakeven within a year.
 

UPMARKET ʌpˌmɑrkɪt

12 May 2020

Adjective

  • a product or service intended for people who can afford to buy or pay for expensive things.
Example Sentence: I really want to impress him so I've decided to take him somewhere really upmarket for breakfast; we might try the newly opened buffet near the parliament with golden teaspoons and a complimentary glass of champagne with everything.
 

TO OFFSET ɔfˌsɛt

11 May 2020

Verb

  • to compensate for something; to counterbalance.
Example Sentence: I'm afraid we will have to raise our prices in the restaurant in order to offset the increased cost of ingredients – vegetables are especially expensive this season.
 

TO SOAR sɔr

10 May 2020

Verb

  • (of an amount or value) – to rise very speedily.
Example Sentence: The number of really poor families has soared to record high levels.
 

GROSS PROFIT MARGIN groʊs prɒfɪt mɑrdʒɪn

09 May 2020

Noun

  • The difference between the selling price of a product or service and the cost of producing it, excluding taxation, salaries paid to employees, overheads (electricity, office rent etc).
Example Sentence: There were so many items I had to work with that in the end I made a mistake in calculating our gross profit margin.
 

OVERHEADS oʊvərˈhɛds

08 May 2020

Adjective

  • regular costs that a business must pay, such as electricity, salaries, etc.
Example Sentence: Internet companies have much lower overheads.
 

COLLATERAL kəˈlætərəl

07 May 2020

Noun

  • a car, a house or something valuable that you promise to give the lender if you cannot pay back the money you borrowed from them.
Example Sentence: I need $20.000 urgently. I can put my flat in London up as collateral – it must be worth 10 times as much as that.
 

TO CEMENT sɪˈmɛnt

06 May 2020

Verb

  • to make a business relationship stronger.
Example Sentence: After years of cooperation in different projects we cemented our relationship by signing the new contract.
 

TO BOUNCE BACK baʊns bæk

05 May 2020

Verb

  • to return to a higher level after suffering from difficulties for a while.
Example Sentence: The Chinese economy has already bounced back after the recession and now it's booming.
 

ACCELERATION ækˌsɛləˈreɪʃən

04 May 2020

Noun

  • (the rate of) speeding up.
Example Sentence: You can do a lot for the acceleration of your enterprise, e.g. you can invest more time into advertising yourself on community pages like Facebook.
 
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