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General

LEVERAGE lɛvərɪdʒ

Noun

  • the power to influence somebody's actions.
Example Sentence: Big companies have a lot of leverage over their business partners.
 

GET DOWN TO BUSINESS  

Phrase

  • start doing the thing that you intend to do.
Example Sentence: Let's get down to business! What is the first item on the agenda?
 

DIVERSIFY dɪˈvɜrsəˌfaɪ

Verb

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

COLLABORATE kəˈlæbəˌreɪt

Verb

  • to work with somebody on a project or task.
Example Sentence: The two companies will collaborate to develop, produce and sell computers.
 

CHANGE HANDS tʃeɪndʒ hænds

Phrase

  • to pass to a different owner.
Example Sentence: The company changed hands for $150 million.
 

FREE REIN fri reɪn

Noun

  • allow somebody to do whatever they want.
Example Sentence: Each department had free rein to make decisions and set procedures.
 

ESTABLISH ɪˈstæblɪʃ

Verb

  • to start a company, especially one that has lasted for a long time.
Example Sentence: The company was established in 1856.
 

CONSENSUS kənˈsɛnsəs

Noun

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

CLAUSE klɔz

Noun

  • 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.
 

STIFF stɪf

Adjective

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

SCARCE skɛərs

Adjective

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

PERFORMANCE pərˈfɔrməns

Noun

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

INITIATIVE ɪˈnɪʃiətɪv

Noun

  • an action, especially one that aims to solve a problem.
Example Sentence: The initiative aims to encourage more people to stay in education.
 

IN BULK ɪn bʌlk

Phrase

  • in large amounts.
Example Sentence: We buy paper in bulk at a very low price.
 

GO BUST goʊ bʌst

Phrasal Verb

  • (of a company) close because it cannot make enough money.
Example Sentence: The company went bust after 12 months of severe losses.
 
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