A business strategy that involves focusing on a small number of high-value targets, rather than trying to cover a wide range of potential customers. This approach is often used in niche markets, where there is less competition and it is easier to stand out from the crowd.
Example: The CEO used a rifle approach for deciding the company's product strategy, and decided to focus on building one product instead of seven.
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Question: What does "Calendar Invite" mean?
(A) When a person wants to meet with you next week.
(B) An email sent to schedule a meeting with the option to either accept or decline the meeting at the scheduled time.
(C) When a person has available time on their calendar to meet with you.
(D) When a person does not have any time to meet with you.
Answer: Find out the right answer here.
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.
Date: 04/24/2024
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.
"Rifle Approach." Jargonism.com Dictionary, https://jargonism.com/words/1620. Accessed 04/24/2024.