Whether you’re an aspiring entrepreneur, a business student, or just someone eager to sound more polished in professional settings, knowing English collocations related to business can significantly enhance your communication skills. Picture yourself in a business meeting, confidently using the perfect phrases and expressions like a native speaker. Wouldn’t that be impressive? So, are you ready to elevate your business English to a whole new level?
Now, let me share with you a valuable list of 41 commonly used English collocations related to the business world:
1. Seal a deal: To finalize an agreement.
Example: We sealed the deal with a handshake.
2. Launch a product: To introduce a new product to the market.
Example: The company is planning to launch a new product next month.
3. Make a profit: To earn more money than it costs to run the business.
Example: Our shop made a good profit last year.
4. Meet a deadline: To finish a job by an agreed time.
Example: The team worked late to meet the project deadline.
5. Conduct a meeting: To organize and carry out a meeting.
Example: We conduct weekly meetings to discuss our progress.
6. Run a campaign: To organize a course of activities to achieve a goal.
Example: The marketing department is running a campaign to promote the new product.
7. Reach an agreement: To arrive at a mutual decision or arrangement.
Example: After several discussions, we finally reached an agreement.
8. Cut costs: To reduce expenses.
Example: The company needs to cut costs to stay profitable.
9. Draw up a contract: To prepare a written agreement.
Example: Our legal team will draw up the contract.
10. Build a brand: To create a unique image that differentiates a product or service.
Example: It took years to build our brand.
11. Set objectives: To establish goals to achieve.
Example: At the start of each fiscal year, we set objectives for our team.
12. Close a deal: To finalize a business agreement.
Example: It took three meetings to close the deal with the client.
13. Boost sales: To increase the number of products or services sold.
Example: Our latest marketing strategy helped to boost sales.
14. Carry out research: To do a detailed study or investigation about something.
Example: The company carried out market research before launching the new product.
15. Hold a conference: To organize a formal meeting where people gather to discuss a topic.
Example: Our company holds an annual conference for our partners and investors.
16. Maintain quality: To keep the standard of products or services high.
Example: We strive to maintain the quality of our products.
17. Form a partnership: To establish a business relationship with another entity.
Example: Our company formed a partnership with a leading tech firm.
18. Generate revenue: To produce income for a company.
Example: Selling advertisement space on our website is one way we generate revenue.
19. Handle a project: To manage or be responsible for a project.
Example: She was selected to handle the new project.
20. Secure funding: To obtain financial resources.
Example: The startup was able to secure funding from several investors.
21. Implement a plan: To put a plan into action.
Example: The team is ready to implement the marketing plan.
22. Establish a company: To set up a business.
Example: He moved to Silicon Valley to establish his tech company.
23. Develop a strategy: To create a plan to achieve a goal.
Example: The management is working to develop a new business strategy.
24. Expand a business: To increase the size, range or extent of a business.
Example: They plan to expand the business overseas.
25. Adopt a policy: To start using a particular policy or method.
Example: Our company adopted a new policy on remote work.
26. Achieve a target: To reach a pre-set goal.
Example: We achieved our sales target for this quarter.
27. Deliver a service: To perform a service for customers.
Example: Our company delivers exceptional customer service.
28. Forecast sales: To estimate future sales.
Example: The marketing team forecast that sales will increase next month.
29. Monitor performance: To regularly check how well a person, product or company is doing.
Example: We monitor performance closely to ensure we meet our goals.
30. Pursue a goal: To work towards achieving a target or aim.
Example: Our team is pursuing the goal of becoming the market leader.
31. Promote a product: To advertise or publicize a product.
Example: We’re promoting our product through social media.
32. Gain a competitive edge: To achieve an advantage over competitors.
Example: Offering excellent customer service can help gain a competitive edge.
33. Outsource tasks: To use external workers for certain tasks.
Example: Some companies outsource tasks to save on labor costs.
34. Retain customers: To keep customers continuing to buy from a company.
Example: Offering quality products and services helps to retain customers.
35. Improve efficiency: To make a system or process work better or faster.
Example: We introduced new software to improve efficiency.
36. Increase productivity: To make workers or a company produce more.
Example: We are changing work routines to increase productivity.
37. Reduce risk: To make something less dangerous or uncertain.
Example: Investing in different areas can help reduce financial risk.
38. Create jobs: To make new employment positions.
Example: The new factory will create jobs for the local community.
39. Face challenges: To deal with difficulties.
Example: All businesses face challenges at some point.
40. Meet standards: To reach the level that is expected.
Example: Our products meet high international standards.
41. Drive growth: To cause an increase or development.
Example: Innovative products can drive growth in a company.
In conclusion, learning and using these collocations will undoubtedly help you sound more fluent and professional in business situations. The world of business is at your fingertips! So don’t hold back, practice these phrases, and watch your business English thrive.
