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to get the pink slip to get fired, or to get laid off (traditionally, an official notice of termination was printed on pink paper. EXAMPLE: ...
to flesh out a proposal to give or to create a more complete description of an idea EXAMPLE: “Our company’s president, Mr. Smith, liked the ...
to face the music to take the consequences for one’s actions, usually unpleasant consequences EXAMPLE: The sales manager had made all his succe...
to deliver the goods to do well at your job, especially to fulfill high expectations of you EXAMPLE: “We were delighted by the young new sale...
sole proprietorship in the U.S. an unincorporated business owned wholly by one individual EXAMPLE: My uncle's tea shop was a sole proprietorship until my father joined him in a partnership.
small business any business with a small number of employees (under 100), usually operated by one person, one family, or a small group of managers EXAMPLE: Many immigrant families open small businesses in the U.S. such as restaurants.
sick leave payment for specific number of days each year during which an employee may be absent due to illness EXAMPLE: After they have worked for one year, all the employees of the XYZ automobile company receive 5 days of sick leave each year.
service bureau a business that regularly provides special work for other businesses EXAMPLE: For several years before we created a data processing...
Seasonal variation predictable changes in sales volume, business activity, or inventory due to the changes of seasons during the year EXAMPLE: Se...
Rule of 72 a common formula used to determine the years needed for money to double at compound interest; divide 72 by the interest rate to get ...
Rate of return the yield, or amount of profit, produced from an investment EXAMPLE: The risk involved with investing in certain new technology companies was high, but they consistently produced a strong, 30 per cent rate of return
Regular meeting a permanently scheduled meeting that usually happens at the same time and often for the same purpose EXAMPLE: Our company president wants regular meetings every Monday morning at 10 a.m. to hear sales reports.
working capital The amount of funds immediately available to pay current operating expenses. EXAMPLE: “A healthy supply of working capital enables our firm to take advantage of new opportunities as soon as they appear.”
We’ll eat their lunch! INformAL Humorous expression meaning: “We will be victorious over our business competitors!” EXAMPLE: “When our new p...
vertical marketing noun 1) a marketing process in which planning and operations are coordinated to include manufacturers, wholesalers, and retailers...
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