Business Vocabulary

#21

vision statement

Example sentences

1. The director approved the vision statement yesterday.
2. The team reviewed the vision statement before sending it.
3. The vision statement helped everyone understand the next steps.

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#22

core values

Example sentences

1. The strategy team discussed the meaning of core values during the meeting.
2. The manager gave a simple example of core values.
3. The report explains how core values can affect the company.

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#23

objective

Example sentences

1. The team checked the objective carefully.
2. The company changed the objective after receiving feedback.
3. The director approved the objective yesterday.

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#24

goal

Example sentences

1. The team checked the goal carefully.
2. The company changed the goal after receiving feedback.
3. The director approved the goal yesterday.

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#25

strategy

Example sentences

1. The team discussed the strategy during the meeting.
2. The manager explained the strategy to the team.
3. The report includes details about the strategy.

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#26

tactic

Example sentences

1. The team discussed the tactic during the meeting.
2. The manager explained the tactic to the team.
3. The report includes details about the tactic.

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#27

priority

Example sentences

1. The company included the priority in its new plan.
2. Everyone reviewed the priority before making a decision.
3. The manager asked for more information about the priority.

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#28

initiative

Example sentences

1. The team checked the initiative carefully.
2. The company changed the initiative after receiving feedback.
3. The director approved the initiative yesterday.

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#29

opportunity

Example sentences

1. The team checked the opportunity carefully.
2. The company changed the opportunity after receiving feedback.
3. The director approved the opportunity yesterday.

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#30

challenge

Example sentences

1. Challenge may cause delays or extra costs.
2. The team discussed how to deal with challenge.
3. The monthly report included information about challenge.

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#31

growth

Example sentences

1. The finance team reviewed information about growth.
2. The latest report shows a change in growth.
3. The manager asked for more details about growth.

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#32

expansion

Example sentences

1. The strategy team discussed the meaning of expansion during the meeting.
2. The manager gave a simple example of expansion.
3. The report explains how expansion can affect the company.

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#33

diversification

Example sentences

1. The strategy team discussed the meaning of diversification during the meeting.
2. The manager gave a simple example of diversification.
3. The report explains how diversification can affect the company.

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#34

differentiation

Example sentences

1. The team learned why differentiation is important in business.
2. The company reviewed its approach to differentiation.
3. The manager discussed differentiation before making a decision.

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#35

competitive advantage

Example sentences

1. The company needs good information about competitive advantage.
2. The team discussed how competitive advantage may change in the future.
3. A clear understanding of competitive advantage helped the manager make a decision.

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#36

market position

Example sentences

1. The company needs good information about market position.
2. The team discussed how market position may change in the future.
3. A clear understanding of market position helped the manager make a decision.

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#37

market share

Example sentences

1. The finance team reviewed information about market share.
2. The latest report shows a change in market share.
3. The manager asked for more details about market share.

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#38

benchmark

Example sentences

1. The team checked the benchmark carefully.
2. The company changed the benchmark after receiving feedback.
3. The director approved the benchmark yesterday.

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#39

best practice

Example sentences

1. The team discussed the best practice during the meeting.
2. The manager explained the best practice to the team.
3. The report includes details about the best practice.

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#40

key performance indicator (KPI)

Example sentences

1. The team checked the key performance indicator (KPI) carefully.
2. The company changed the key performance indicator (KPI) after receiving feedback.
3. The director approved the key performance indicator (KPI) yesterday.

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