How Starbucks Lost $105 Million In Australia Flashcards

1
Q

Break into a market

A

verbal phrase
To begin a business in a new area
* We are trying to break into the Australian market.
* They have failed to break into new markets.

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2
Q

Accumulate

A

verb
To gradually increase in amount
* They have accumulated millions in profits.
* We have accumulated dozens of companies.

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3
Q

“On top of the world”

A

phrase
Feeling very happy / being very successful
* She was on top of the world after hearing that news.
* We were on top of the world last year before the crash.

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4
Q

Net

A

verb
To earn profits
* They were able to net enough to cover their expenses.
* We netted a trillion yen last quarter.

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5
Q

Set one’s sights (on something)

A

verbal phrase
To decide on a goal
* She set her sights on that position.
* We have set our sights on several foreign markets.

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6
Q

Run into problems

A

verbal phrase
To face difficulties
* We ran into some problems with that app.
* I’m afraid you’ll run into some problems if you change careers now.

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7
Q

Roll (something) out

A

phrasal verb
To make a new product / service available for the first time
* We have decided to roll out this service earlier than expected.
* They rolled their new smartphone out in time for the holidays.

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8
Q

(Something) is geared towards (something else)

A

phrasal verb
To make / change something so that it is suitable for a particular purpose
* This service was originally geared towards a younger market.
* Our products are geared towards the specific needs of our customers.

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9
Q

Organic growth

A

adjective - noun
Internal growth from within a business, usually by expanding a product range or the number of business units
* They were able to experience organic growth locally and internationally.
* We have grown organically over the past year.

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10
Q

Align with expectations

A

verbal phrase
To be the same as what is expected
* Their product did not align with customers’ expectations.
* Her blind date did not align with her expectations.

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11
Q

Steeped in (something)

A

phrasal verb
To be completely involved in something
* They have been steeped in their new project for months.
* France has been steeped in wine production for centuries.

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12
Q

Palate

A

noun
A person’s ability to taste and judge good food and wine
* She has developed a very sensitive palate.
* That sommelier’s palate is one of the best in the world.

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13
Q

Unattainable

A

adjective
Something that cannot be achieved
* That car will always be unattainable for me…
* These goals are all unattainable.

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14
Q

Pivot strategy

A

verbal phrase
To change a strategy completely
* They have decided to pivot their strategy from next year.
* Starting now we need to pivot strategy.

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15
Q

Turned off (by something)

A

phrasal verb
To lose interest in something
* I was turned off by their very aggressive sales approach.
* She got turned off by his behavior.

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