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Business Word/Phrase of the Day

word-phrase-descEvery day we publish a business word or phrase together with audio pronunciation, phonetics, definition and example sentences. This is a great way to improve your workplace vocabulary as well as your pronunciation. To receive 'Business Word/Phrase of the Day' by email, just subscribe to our newsletter from the link above. 

QUOTA kwoʊtə

01 Sep 2023

Noun

  • a limit set on the amount of imports which can come into a country.
Example Sentence: The country has set quotas on steel imports.
 

PRICEY praɪsi

31 Aug 2023

Adjective

  • expensive (informal)
Example Sentence: We decided not to buy the sofa as it was a quite pricey.
 

POINT OF SALE  

30 Aug 2023

Noun

  • the exact place where a product is sold.
Example Sentence: The shop has put up new point of sale display boards around the till.
 

PERK pɜrk

29 Aug 2023

Noun

  • an added benefit of something, especially a job.
Example Sentence: The company car is just one of the perks of my new job.
 

ON THE FIRST RUNG  

28 Aug 2023

Phrase

  • at the lowest level of an organisation (the first step of a ladder)
Example Sentence: I started working here on the first rung 30 years ago.
 

OBLIGATION ɒblɪˈgeɪʃən

27 Aug 2023

Noun

  • something that you must do.
Example Sentence: You are under no obligation to finish this job.
 

JEOPARDISE [US -IZE] dʒɛpərˌdaɪz

26 Aug 2023

Verb

  • to put something at risk or in danger.
Example Sentence: His mistake jeopardised the entire project.
 

INNOVATE ɪnəˌveɪt

25 Aug 2023

Verb

  • to create, develop or design new technology or products.
Example Sentence: The mobile phone industry constantly needs to innovate.
 

FLAW flɔ

24 Aug 2023

Noun

  • a problem or defect with something, especially a plan.
Example Sentence: The plan was flawed because of the lack of funds.
 

EXPLOIT ɛksplɔɪt

23 Aug 2023

Noun

  • use to your benefit.
Example Sentence: The country's resources are not being fully exploited.
 

DURABLE dʊərəbəl

22 Aug 2023

Adjective

  • lasting a long time without wear.
Example Sentence: Their range of kitchen products are durable but inexpensive.
 

MORALE məˈræl

21 Aug 2023

Noun

  • the general feelings of a group towards success.
Example Sentence: Morale amongst the staff dropped because of poor conditions.
 

MARKETING MIX mɑrkɪtɪŋ mɪks

20 Aug 2023

Noun

  • the combination of marketing strategies a company uses.
Example Sentence: It's important to get the right marketing mix.
 

MARKET NICHE mɑrkɪt nɪtʃ

19 Aug 2023

Noun

  • a small but profitable segment of market.
Example Sentence: They found a market niche providing special chairs for elderly people.
 

MAKE SENSE meɪk sɛns

18 Aug 2023

Phrase

  • to be logical, having considered all the facts.
Example Sentence: I think it makes sense for us to buy a new printer.
 
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