Business Word/Phrase of the Day

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AILING eɪlɪŋ

03 May 2020

Adjective

  • if the economy/a sector etc is ailing it is (relatively) weak and troubled.
Example Sentence: We are really lucky because we have severally financially ailing competitors, while our situation is relatively sound.
 

RELIABLE rɪˈlaɪəbəl

02 May 2020

Adjective

  • something or somebody that can be relied on and trusted.
Example Sentence: What we would like to do next is to design a highly reliable network and to gain competitive advantage over our rivals at last.
 

CREDIT LIMIT krɛdɪt lɪmɪt

01 May 2020

Noun

  • the maximum amount of money a financial institution e.g. a bank is willing to give someone.
Example Sentence: If your credit limit with your bank is too low, it's not the best solution to acquire credit cards from several different banks.
 

FREELANCER /ˈfriˌlæn sər/

30 Apr 2020

noun

  • a person who works as a writer, designer, performer, or the like, selling work or services by the hour, day, job, etc., rather than working on a regular salary basis for one employer
Example Sentences:The company employs a number of freelancers.
I work as a freelancer for a local newspaper.
 

TO DISCONTINUE dɪskənˈtɪnyu

29 Apr 2020

Verb

  • to stop doing something e.g. production of a product.
Example Sentence: The company decided to discontinue operations last month because the factory was making losses.
 

RETAIL CHAIN riteɪl tʃeɪn

28 Apr 2020

Noun

  • a number of similar shops or stores that sell products to the public.
Example Sentence: We have only one retail chain in our town. I've never liked them – the choice of dairy products on offer is really poor. I think some competition would do them good.
 

TO FACILITATE fəˈsɪlɪˌteɪt

27 Apr 2020

Verb

  • to make an activity, a process etc easier to happen.
Example Sentence: Do you think a new marketing campaign would facilitate increasing sales?
 

TO INFRINGE ɪnˈfrɪndʒ

26 Apr 2020

Verb

  • to violate/break a law, rule or regulation.
Example Sentence: If you infringe copyright regulations, you can expect a heavy fine.
 

FRAUD frɔd

25 Apr 2020

Noun

  • the act cheating somebody with the purpose of getting something (products, money etc) illegally.
Example Sentence: He was involved in a one billion dollar fraud.
 

BRICKS AND MORTAR brɪkənˈmɔrtər

24 Apr 2020

Adjective

  • describing a business where customers can go when they want to buy something, as opposed to purely internet-based businesses.
Example Sentence: Operating a purely bricks-and-mortar business has several advantages, e.g. you don't have to pay the usual overheads like gas and heating.
 

FIERCE fɪərs

23 Apr 2020

Adjective

  • aggressive, violent OR extremely active.
Example Sentences: He became unexpectedly fierce when he was informed he was going to be dismissed.
There has always been fierce competition between our companies, but in our private lives we are best of friends.
 

BRAINSTORM breɪnˌstɔrm

22 Apr 2020

Verb

  • to think together as a team, often in order to come up with a solution to a particular problem.
Example Sentence: Although we have been brainstorming for weeks, we haven't been able to find a good way of getting ahead of our competitors so far – we might need to invite an expert to help.
 

PERSUASIVE pərˈsweɪsɪv

21 Apr 2020

Adjective

  • able to make somebody do something or believe (in) something.
Example Sentences: He was so persuasive that it was impossible to beat him as a salesman – he could sell anyone anything any time.
 

LAW-ABIDING lɔəˌbaɪdɪŋ

20 Apr 2020

Adjective

  • respecting the law.
Example Sentence: We are all law-abiding citizens. However, in business sometimes we have to interpret certain regulations in a bit more flexible way in order to remain profitable in the current crisis
 

ESPIONAGE ɛspiəˌnɑʒ

19 Apr 2020

Noun

  • the activity of secretly acquiring information about another company/competitor/country etc in order to gain an unfair advantage.
Example Sentence: Industrial espionage has always been a real threat in this country, and things don't seem to be improving under the new regulations either.
 
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