Business Word/Phrase of the Day

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TURNAROUND tɜrnəˌraʊnd

02 Aug 2019


  • an improvement following poor performance.
Example Sentence: The impressive sales figures are a dramatic turnaround for the company.

TRADEOFF treɪdˌɔf

01 Aug 2019


  • a situation in which you accept something bad in exchange for something good.
Example Sentence: They may be willing to accept the tradeoff of a higher price for time saved.

SUBORDINATE səˈbɔrdnɪt

31 Jul 2019


  • somebody who is in a lower position than somebody else in an organization.
Example Sentence: He was accused of abusing his subordinates.

STICKING POINT stɪkɪn pɔɪnt

30 Jul 2019


  • a point in a negotiation where progress cannot be made.
Example Sentence: A key sticking point in the negotiations was the issue of salaries.

STAGNATE stægneɪt

29 Jul 2019


  • to not grow or develop.
Example Sentence: Property sales in villages near the factory have stagnated.

SLOWDOWN sloʊˌdaʊn

28 Jul 2019


  • when something becomes less active and less is produced.
Example Sentence: They forecast a slowdown in UK economic growth.

SHORE UP ʃɔr ʌp

27 Jul 2019


  • to make a system or organisation stronger and less likely to fail.
Example Sentence: The president has promised to shore up the economy.

SALES FORECAST seɪlz fɔrˌkæst

26 Jul 2019


  • a prediction of how you expect sales to change in the future.
Example Sentence: The company lowered it sales forecast for the third quarter.

SALES FORCE /seɪlz fôrs/

25 Jul 2019


  • all the employees of a company whose job is persuading customers to buy their company's products or services
Example Sentences:The company has a worldwide sales force of around 3,000 people.
The company’s sales force has just been cut by 20% due to falling demand for the company’s products.

REVAMP riˈvæmp

24 Jul 2019


  • to change something in order to make it better and more modern.
Example Sentence: The company plans to revamp all its outlets over the coming year.

RESTRUCTURE riˈstrʌktʃər

23 Jul 2019


  • to make changes to the organisation of a company.
Example Sentence: The new owner plans to restructure the failing car maker.

RECEIVABLES rɪˈsivəbəls

22 Jul 2019


  • money that a business expects to receive.
Example Sentence: The company generates roughly $400 million in receivables annually.

RAISE CAPITAL reɪz kæpɪtl

21 Jul 2019


  • to try to get money for a business venture.
Example Sentence: The factory was sold to raise capital.

PARENT COMPANY pɛərənt kʌmpəni

20 Jul 2019


  • a company that owns control of one or more subsidiary companies.
Example Sentence: It is the parent company of several publishing firms.

OVERHEADS ˈoʊvərˈhɛds

19 Jul 2019


  • the costs you pay regularly when running your business, e.g. the cost of electricity, heating, phone bills etc.
Example Sentence: Since the new management laid off half of our workers our overheads have been an all-time low.