Unit 3 Vocabulary
- Margin (noun) – The difference between the seller’s cost for acquiring or producing a product and the retail price.
- Outlier (noun) – A data point or person that differs significantly from other observations or peers.
- Benchmark (noun/verb) – A standard or point of reference against which things may be compared.
- Fiscal (adjective) – Relating to financial matters or government/corporate revenues.
- Volatile (adjective) – Liable to change rapidly and unpredictably, especially for the worse.
- Solvency (noun) – The ability of a company to meet its long-term financial obligations.
- Depreciation (noun) – A reduction in the value of an asset over time.
- Quarterly (adjective/adverb) – Occurring, produced, or payable once every quarter of a year.
- Reallocation (noun) – The distribution of something in a different way or for a different purpose.
- Yield (noun/verb) – The total financial return or amount produced.
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Speaking Prompts
- How does your company protect its profit margin when operational costs rise?
- If sales data shows an extreme outlier in one region, how would you investigate it?
- What key metrics does your company use to benchmark performance against industry competitors?
- What are your department’s top strategic goals for the upcoming fiscal year?
- How does your team adapt its strategy when operating in a highly volatile market?
- Why is maintaining liquid cash flow so vital for a company’s long-term solvency?
- How does asset depreciation impact tax planning for capital equipment purchases?
- How do you prepare yourself and your team for quarterly business reviews?
- Under what conditions would you recommend a reallocation of marketing budget to product development?
- What recent initiative in your division yielded the highest return on investment?
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