Business Word/Phrase of the Day

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DOWNSIZE daʊnˌsaɪz

25 Jun 2019


  • to reduce the size of a company or operation by shedding resources.
Example Sentence: The were forced to downsize due to increasing overheads.

DEPRECIATE dɪˈpriʃiˌeɪt

24 Jun 2019


  • to lose value, especially with time.
Example Sentence: In general, big cars tend to depreciate faster than smaller cars.

DEMOTE dɪˈmoʊt

23 Jun 2019


  • to be moved to a position of lower status.
Example Sentence: He was demoted because of poor performance.

DECENTRALISE diˈsɛntrəˌlaɪz

22 Jun 2019


  • to move control of an organisation from one (central) body to several smaller ones.
Example Sentence: Many attempts have been made in recent years to decentralise power.

CONSENSUS kənˈsɛnsəs

21 Jun 2019


  • an opinion that all members of a group agree with.
Example Sentence: There was a general consensus that action was required.


20 Jun 2019


  • a section or statement from a legal text, such as a law or a contract.
Example Sentence: The lawyer drew his attention to clause 12.5 of the contract.

CARGO kɑrgoʊ

19 Jun 2019


  • the goods being transported by plane or ship.
Example Sentence: When the ship beached, much of the cargo floated ashore.

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.