Sales and Marketing

SALES FORECAST seylz fɔrˌkæst

14 Jan 2021

Noun

  • 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 fɔrs

13 Jan 2021

Noun

  • all the people who sell for a company.
Example Sentence: The company is hoping to expand its sales force.
 

LETTER OF CREDIT  

28 Dec 2020

Noun

  • a letter from a bank that guarantees a payment to a specified person.
Example Sentence: The seller requires a letter of credit to secure payment.
 

INTELLECTUAL PROPERTY ɪntlˈɛktʃuəl prɒpərti

27 Dec 2020

Noun

  • something that somebody creates which has value, esp. music, art, text, etc.
Example Sentence: The designer claims that her intellectual property rights were infringed.
 

DIVISION dɪˈvɪʒən

21 Dec 2020

Noun

  • a part of an organisation.
Example Sentence: She heads the company's worldwide sales division.
 

DIVERSIFY dɪˈvɜrsəˌfaɪ

20 Dec 2020

Verb

  • to start providing more varied products or services.
Example Sentence: Farmers are being encouraged to diversify in order to survive.
 

BOOST bust

11 Dec 2020

Verb

  • to give extra energy or increase something, such as sales.
Example Sentence: They're hoping that the new ad campaign will boost sales.
 

SELL OUT sɛl aʊt

17 Nov 2020

Phrase

  • to sell all of a product.
Example Sentence: Every year our company is able to sell out most of our summer goods.
 

SELL LIKE HOTCAKES  

16 Nov 2020

Phrase

  • to sell very quickly.
Example Sentence: The children's toys were selling like hotcakes at the end of the year.
 

SELL (SOMETHING) AT A LOSS  

15 Nov 2020

Phrase

  • to sell something and lose money.
Example Sentence: We were forced to sell the computers at a loss.
 

RUN AN AD  

11 Nov 2020

Phrase

  • to place/put an advertisement in a publication.
Example Sentence: The government decided to run an ad to tell the public about the new gas tax.
 

PREFERRED CUSTOMER prɪˈfɜrd kʌstəmər

02 Nov 2020

Phrase

  • a customer who does much business with you.
Example Sentence: The man is a preferred customer and he always receives his products soon after he orders them.
 

PLUG A PRODUCT  

01 Nov 2020

Phrase

  • to promote a product.
Example Sentence: The soccer star makes a lot of money when he agrees to plug a product.
 

OUT OF STOCK  

26 Oct 2020

Phrase

  • not available for immediate sale.
Example Sentence: The toys are out of stock and we will have to wait several weeks before they are available.
 

ON THE BLOCK  

25 Oct 2020

Phrase

  • to be for sale, to go on sale.
Example Sentence: After we bought the company we began to put some of the equipment on the block.
 

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