AUSLEXAustralian English & global dictionary

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 entries
  • A 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.
  • The network of businesses involved in producing and delivering a product.

    The floods disrupted the supply chain.
  • The specific group of customers a business wants to sell to.

    Our target market is young professionals.
  • tariff

    noun

    A tax on goods coming into or going out of a country.

    The new tariff made imported steel more expensive.
  • Activities that help a group of workers work better together.

    The office organised a team building day.
  • tender

    noun / verb

    A 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.
  • A statement from a customer praising a product or service.

    Add customer testimonials to the website.
  • To make brief contact with someone to check how things are going.

    Let's touch base on Friday about the project.
  • When a country imports more than it exports.

    The country recorded a trade deficit.
  • The 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

    verb

    To persuade a customer to buy something more expensive or extra.

    Staff are trained to upsell coffee with breakfast.
  • An estimate of how much something, such as a company or property, is worth.

    The bank ordered a valuation of the house.
  • Money invested in new or growing companies with high potential, in exchange for ownership.

    The startup raised venture capital to expand.
  • How much and how quickly prices change.

    Market volatility made investors nervous.
  • A large building where goods are stored before being sold or delivered.

    Orders are packed in the warehouse.
  • wholesale

    adjective / noun

    Selling goods in large quantities, usually to businesses rather than the public.

    They buy coffee beans at wholesale prices.
  • win-win

    adjective

    Good for everyone involved.

    Flexible hours are a win-win for staff and the company.
  • Customers 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.
  • The amount of work a person or team has to do.

    Her workload doubled when a colleague left.
  • yield

    noun / verb

    The income from an investment, usually shown as a percentage; to produce a result.

    The rental yield on the property is about four per cent.