Business Word/Phrase of the Day

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STIFF stɪf

10 Jun 2019


  • strong and difficult to beat.
Example Sentence: They need to reduce costs in the face of stiff competition.

SLASH slæʃ

09 Jun 2019


  • greatly reduce in price or number.
Example Sentence: Prices have been slashed in the summer sales.

SCARCE skɛərs

08 Jun 2019


  • not enough of something available, especially a resource.
Example Sentence: Water is scarce in some regions of Africa.

SALES PITCH seɪlz pɪtʃ

07 Jun 2019


  • what a salesman says when trying to sell something.
Example Sentence: His sales pitch was very convincing.

POLICY pɒləsi

06 Jun 2019


  • a plan of what to do in certain situations; a set of ideas.
Example Sentence: The company has a clear policy on dealing with bullying.

PLANT plænt

05 Jun 2019


  • a factory or place where something is produced, including energy.
Example Sentence: They announced that the plant would be closed down in 6 months.

PHASE feɪz

04 Jun 2019


  • a defined stage or part of a process.
Example Sentence: The next phase of the project will involve building a prototype.

PERFORMANCE pərˈfɔrməns

03 Jun 2019


  • how well somebody/something does something.
Example Sentence: The company's performance has improved in recent months.

MIDDLEMAN mɪdlˌmæn

02 Jun 2019


  • somebody who acts between two people/groups in business.
Example Sentence: Let's cut out the middleman and work directly with each other.

MEET DEMAND mit dɪˈmænd

01 Jun 2019


  • manage to supply enough of something.
Example Sentence: The company is struggling to meet the sudden demand.

MARK-UP mɑrk ʌp

31 May 2019


  • an increase in the price of something.
Example Sentence: There is a mark-up of 40% on these foreign imports.

MAIL ORDER meɪl ɔrdər

30 May 2019


  • the sale of products that are delivered by post.
Example Sentence: She bought the skirt by mail order but it was never delivered.

LUCRATIVE lukrətɪv

29 May 2019


  • making a lot of money.
Example Sentence: He has signed a lucrative deal with a new record label.

LOSS LEADER lɔs lidər

28 May 2019


  • a product that is sold at a very low price to attract customers.
Example Sentence: Supermarkets often use milk as a loss leader.

LOOPHOLE lupˌhoʊ

27 May 2019


  • a mistake in the law that allows people to do something that they should not.
Example Sentence: Their lawyers found a loophole in the law and they were acquited.