Business & Finance
Everyday Australian words, slang and life-admin terms for migrants, students and workers — explained in plain English and 8 other languages.
Reviewed entries
200 entriessupplier
nounA business that provides goods or services to another business.
We changed suppliers to reduce costs.
The relationship between how much of something is available and how much people want it, which affects prices.
Supply and demand explains why rents rise.
supply chain
nounThe network of businesses involved in producing and delivering a product.
The floods disrupted the supply chain.
target market
nounThe specific group of customers a business wants to sell to.
Our target market is young professionals.
tariff
nounA tax on goods coming into or going out of a country.
The new tariff made imported steel more expensive.
team building
nounActivities that help a group of workers work better together.
The office organised a team building day.
tender
noun / verbA formal written offer to supply goods or do work at a stated price; to make such an offer.
The council invited tenders for the new library.
The rules and details that form part of an agreement.
Read the terms and conditions before you sign up.
testimonial
nounA statement from a customer praising a product or service.
Add customer testimonials to the website.
touch base
phraseTo make brief contact with someone to check how things are going.
Let's touch base on Friday about the project.
trade deficit
nounWhen a country imports more than it exports.
The country recorded a trade deficit.
turnover
nounThe total value of sales in a period; also the rate at which staff leave and are replaced.
The shop's annual turnover is $1.2 million.
The percentage of people in the labour force who are looking for work but do not have a job.
The unemployment rate fell to its lowest level in years.
A feature that makes a product different from and better than competitors (USP).
Free delivery is our unique selling point.
upsell
verbTo persuade a customer to buy something more expensive or extra.
Staff are trained to upsell coffee with breakfast.
valuation
nounAn estimate of how much something, such as a company or property, is worth.
The bank ordered a valuation of the house.
venture capital
nounMoney invested in new or growing companies with high potential, in exchange for ownership.
The startup raised venture capital to expand.
volatility
nounHow much and how quickly prices change.
Market volatility made investors nervous.
warehouse
nounA large building where goods are stored before being sold or delivered.
Orders are packed in the warehouse.
wholesale
adjective / nounSelling goods in large quantities, usually to businesses rather than the public.
They buy coffee beans at wholesale prices.
win-win
adjectiveGood for everyone involved.
Flexible hours are a win-win for staff and the company.
word of mouth
nounCustomers telling other people about a business.
Most new clients come through word of mouth.
A healthy balance between time spent working and time for personal life.
Flexible hours help with work-life balance.
workload
nounThe amount of work a person or team has to do.
Her workload doubled when a colleague left.
yield
noun / verbThe income from an investment, usually shown as a percentage; to produce a result.
The rental yield on the property is about four per cent.