How a salesperson will convert accounts assigned to them in their sales area to reach their quota.
Example: As part of the interview process, the candidate was asked to create a territory plan to show how they will reach $1M in sales including the key companies they will target and what products they will try to sell them.
Variations: sales territory plan
Jargonism is a Business English dictionary. You can learn about words and phrases that are commonly used in the workplace like Circle Back, Thought Leader, and Offsite. We also have a Word of the Day, which is a daily Business English vocabulary word that is commonly used in the workplace.
On this site, we also have templates on how to communicate effectively at work, such as requesting PTO, declining a promotion, and taking a sick day.
Word: Close It Out
Definition: To mark something as completed.
Example: This task has been fixed, so let's close it out within the task tracker.