Search Content

Sales and Marketing

ACCEPT ækˈsɛpt

05 Jun 2024

verb

  • Accept means to consider something or someone as satisfactory. It can also mean to agree to take something.
Example Sentences: My boss accepted my excuse for coming late to work.
Do you accept credit cards?
 

REMAINDER rɪˈmeɪndər

02 Jun 2024

noun

  • The remainder is the part of something that is left after the other parts have gone, been used, or been taken away
Example Sentences: I ate most of it and gave the remainder to the dog.
It rained the first day but the remainder of the trip was lovely.
 

REMINDER rɪˈmaɪndər

01 Jun 2024

noun

  • A reminder is a written or spoken message which reminds someone to do something.
Example Sentences: If he forgot to pay his rent, his landlady would send him a reminder.
Mum sent me off with a final reminder to be back before 11pm.
 

ENSURE ɛnˈʃʊər

31 May 2024

verb

  • To ensure is make something certain to happen.
Example Sentences: The airline is taking steps to ensure safety on its aircraft.
The role of the police is to ensure (that) the law is obeyed.
 

ASSURE əˈʃʊər

30 May 2024

verb

  • If you assure someone, you tell them confidently that something is true, especially so that they do not worry.
Example Sentences: The unions assured the new owners of the workers' loyalty to the company.
She assured him (that) the car would be ready the next day.
 

LICENCE līˈsəns

27 May 2024

noun

  • A licence is an official document which gives you permission to own, do or use something, usually after you have paid money and/or taken a test. (UK ENGLISH: License)
Example Sentences: Do you need a licence to operate a fork-lift truck?
The police officer checked his driving licence.
 

LICENSE  

25 May 2024

verb

  • License is used as a verb meaning to give someone official permission to do or have something.
Example Sentences: Several companies have been licensed to sell these products.
If the product is not licensed to you, you cannot use it.
 

PAYMENT TERMS /pā′mənt tʉrmz/

24 Apr 2024

phrase

  • Conditions under which a seller will make a sale. Typically, these terms specify the period allowed to a buyer to pay off the amount due, and may demand cash in advance, cash on delivery, deferred payment period of 30 days or more, etc.
Example Sentences:According to our payment terms, invoices must be settled within 14 days.
We couldn’t accept their payment terms so we chose another supplier.
 

WHOLESALE PRICE /ˈhoʊlˌseɪl prīs/

16 Apr 2024

phrase

  • the price of goods charged to shops and businesses for buying large quantities of the goods
Example Sentences:The wholesale price of goods is always cheaper than the retail price.
If you buy this bed in a shop, you’ll pay around $600. However, the wholesale price is only $400.
 

LEAD TIME /lēd tīm/

13 Apr 2024

phrase

  • the time from when an order is sent from a customer to a supplier until the ordered products arrive at the customer
Example Sentences:Our lead time is between 7 and 10 days depending on the customer’s location.
Is there anything you can do to shorten your lead time? We need the delivery within a week.
 

DISCOUNT /dis′ko̵unt′/

12 Apr 2024

noun

  • a reduction in price from the original sale price
Example Sentences:The company is offering a discount of 30% on their standard price for all goods purchased before the end of the month.
We offered them a further discount of 5% but they rejected it.
 

STANDING ORDER /stan′diŋ ôr′dər/

11 Apr 2024

phrase

  • Purchase order covering repeated deliveries of goods or services in specified quantities, at specified prices, and according to a specified schedule.
Example Sentences:We have a standing order for 100 reams of A4 paper each month.
Since we’re ordering regularly from this supplier, I suggest we set up a standing order with them.
 

REGULAR CUSTOMER /reg′yə lər kus′tə mər/

10 Apr 2024

phrase

  • a customer who often buys a product or service from the same company
Example Sentences:We generally give better sales terms to our regular customers.
As I’m a regular customer, can you offer me a bigger discount?
 

SALES FORCE /seɪlz fôrs/

09 Apr 2024

phrase

  • 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.
 

SALES COMMISSION /seɪlz kəˈmɪʃ ən/

08 Apr 2024

phrase

  • payment to a salesperson for their efforts in marketing and selling something, usually calculated as a percentage of the total sales
Example Sentences:All our sales staff earn a 2.5% commission on their sales.
He’s moving to a company that pays a much better sales commission.
 
Menu