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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. 

TO CORNER THE MARKET  

22 Apr 2021

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.
 

CONFIDENTIALITY kɒnfɪˈdɛnʃəl

21 Apr 2021

Noun

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

CONSORTIUM kənˈsɔrʃiəm

20 Apr 2021

Noun

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

CONSIGNMENT kənˈsaɪnmənt

19 Apr 2021

Noun

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

COMMUTE kəˈmyut

18 Apr 2021

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

17 Apr 2021

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

16 Apr 2021

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

15 Apr 2021

Noun

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

CHECKOUT tʃɛkˌaʊt

14 Apr 2021

Noun

  • the place in a shop or supermarket where you pay.
Example Sentence: When he went to the checkout he realised he had no money.
 

CALL SOMETHING OFF  

13 Apr 2021

Phrasal Verb

  • to cancel an event.
Example Sentence: They called off the meeting as there wasn't a room available.
 

BRISK brɪsk

12 Apr 2021

Verb

  • quick and lively.
Example Sentence: Business has been brisk this morning; we've sold 500 units already.
 

BOOST bust

11 Apr 2021

Verb

  • to give extra energy or increase something, such as sales.
Example Sentence: They're hoping that the new ad campaign will boost sales.
 

BOOM bum

10 Apr 2021

Verb

  • a period of economic improvement and increased consumption.
Example Sentence: There was a boom in the 1980s in the UK.
 

BILL OF LADING  

09 Apr 2021

Noun

  • a receipt from a carrier confirming that the goods have been received.
Example Sentence: States may require freight carriers to provide their bill of lading.
 

BENEFICIARY ˌbɛnəˈfɪʃiˌɛri

08 Apr 2021

Noun

  • the person who will receive something.
Example Sentence: I was the sole beneficiary in my father's will.
 
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