Vocabulary Words Every Sales Account Manager Should Know

Sale

Definition: an event where items are sold at reduced prices

• The store is having a big sale this weekend.
• She bought a dress during the clearance sale.
• Understanding sales can help save money.

Sale in a sentence

Buy

Definition: To get something by paying money.

• I want to buy a new phone.
• She bought a gift for her friend.
• They buy fresh vegetables from the market.

Buy in a sentence

Sell

Definition: To give something to someone in exchange for money.

• I want to sell my old toys at the yard sale.
• The shop will sell fresh fruits and vegetables.
• He decided to sell his bike because he needed money.

Sell in a sentence

Price

Definition: The amount of money required to buy something.

• The price of the shirt is ten dollars.
• I found a good price for my favorite book.
• Prices change depending on the store.

Price in a sentence

Cost

Definition: The amount of money needed to buy something.

• The cost of the book is ten dollars.
• She checked the cost of the concert tickets.
• It may cost more to travel during the holidays.

Cost in a sentence

Deal

Definition: To agree on something or to distribute cards in a game.

• We made a deal to share the snacks.
• He had to deal with a difficult situation.
• Let's deal the cards and start the game.

Deal in a sentence

Customer

Definition: A person who buys goods or services.

• The customer was happy with her purchase.
• They treat every customer with respect.
• She is a loyal customer at that store.

Customer in a sentence

Product

Definition: An item that is made for sale or use; something produced.

• This product is popular among kids.
• They are advertising a new product on TV.
• She bought a product that helps with hair care.

Product in a sentence

Service

Definition: The action of helping or doing work for someone.

• The restaurant provides excellent service to its customers.
• We offer a service to help students with their studies.
• Volunteering is a way to give back to the community through service.

Service in a sentence

Market

Definition: A place where people buy and sell things.

• We went to the market to buy vegetables.
• The market was very crowded today.
• She sells fruits at the local market.

Market in a sentence

Order

Definition: To request something to be made, delivered, or done.

• I will order a pizza for dinner.
• Please order the books from the library.
• We need to order new supplies for the classroom.

Order in a sentence

Payment

Definition: Money given for goods or services.

• I made my payment for the concert tickets.
• The payment is due at the end of the month.
• We can process your payment online.

Payment in a sentence

Profit

Definition: The financial gain made after subtracting expenses.

• The business made a profit last year.
• They hope to increase their profit this quarter.
• His hard work led to a profit for the company.

Profit in a sentence

Loss

Definition: the state of losing something; not having something anymore

• His loss of a pet made him very sad.
• The team felt the loss of their star player.
• She experienced a loss when her grandmother passed away.

Loss in a sentence

Stock

Definition: Goods or merchandise kept on hand; also, shares in a company.

• The store has a good stock of toys.
• He decided to buy stock in a popular company.
• They need to replenish their stock of supplies.

Stock in a sentence

Support

Definition: To help or provide assistance to someone or something.

• Friends should support each other.
• The community came together to support the event.
• We need to support local businesses.

Support in a sentence

Client

Definition: A person or organization that receives services from a professional.

• The lawyer met with a client to discuss the case.
• She is a client at the local hair salon.
• The company values every client highly.

Client in a sentence

Plan

Definition: A detailed proposal for doing or achieving something; a strategy or outline.

• They made a plan for their vacation next summer.
• Having a plan helps organize thoughts and actions.
• She wrote a plan for her science project.

Plan in a sentence

Goal

Definition: An aim or desired result that one works towards.

• My goal is to finish reading this book by next week.
• Setting a goal helps me stay focused.
• He scored a goal in the soccer game.

Goal in a sentence

Team

Definition: A group of individuals working together towards a common goal.

• The soccer team practiced every day after school.
• They formed a team for the science project.
• Teamwork is essential for success.

Team in a sentence

Budget

Definition: A plan for managing money; an estimate of income and expenses.

• I need to create a budget for my monthly spending.
• We saved money by sticking to our budget.
• The school has a budget for supplies and activities.

Budget in a sentence

Target

Definition: A specific goal or objective; to aim at something.

• They set a target for their sales this year.
• He aimed for the target during practice.
• She worked hard to achieve her target score.

Target in a sentence

Meeting

Definition: A gathering of people to discuss something.

• We have a meeting to plan the event.
• She prepared for the meeting with her team.
• The meeting will start at 3 PM sharp.

Meeting in a sentence

Report

Definition: A spoken or written account of something.

• I need to write a report about my science project.
• The news report covered the recent event.
• He will report the findings to the class.

Report in a sentence

Feedback

Definition: Information or comments about someone's performance or work.

• The teacher gave feedback on my essay.
• He appreciated the feedback from his peers.
• Constructive feedback helps improve skills.

Feedback in a sentence

Strategy

Definition: A plan of action designed to achieve a goal.

• We need a strategy to complete the project on time.
• The team developed a new strategy for winning.
• Her strategy for studying includes flashcards.

Strategy in a sentence

Phone

Definition: A device used for communication, typically by voice.

• I called my friend on my phone.
• She sent a message on her phone.
• Please turn off your phone during class.

Phone in a sentence

Email

Definition: A method of sending messages electronically.

• I will email you the details.
• She checks her email every morning.
• He sent an email to his teacher.

Email in a sentence

Proposal

Definition: a plan or suggestion put forward for consideration

• He submitted a proposal for the project.
• The proposal outlines the goals and methods.
• She presented her proposal at the meeting.

Proposal in a sentence

Revenue

Definition: The income generated from normal business operations.

• The company's revenue increased this year.
• They need to find ways to boost their revenue.
• Government revenue comes from taxes.

Revenue in a sentence

Negotiation

Definition: A discussion aimed at reaching an agreement.

• The negotiation between the two companies took weeks.
• They entered into negotiation to settle the dispute.
• Successful negotiation requires good communication skills.

Negotiation in a sentence

Commission

Definition: A fee paid to an agent or employee for their services; also refers to a group assigned to perform a task.

• He received a commission for selling the house.
• The commission will investigate the issue further.
• Understanding commissions is important in business transactions.

Commission in a sentence

Relationship

Definition: The way in which two or more people are connected.

• They have a close relationship as siblings.
• Building a good relationship takes time.
• Friendship is an important type of relationship.

Relationship in a sentence

Presentation

Definition: A display of information or ideas, often given to an audience.

• I prepared a presentation for my science project.
• Her presentation on wildlife was informative.
• We will have a presentation in class next week.

Presentation in a sentence

Account

Definition: A record of financial transactions; a personal description of events.

• She opened an account at the bank.
• He shared his account of what happened.
• The account showed all his expenses.

Account in a sentence

Lead

Definition: To guide or direct a group or activity.

• She will lead the class project this month.
• Good leaders know how to lead by example.
• I want to lead my team to victory.

Lead in a sentence

Close

Definition: To shut something; to bring something to an end.

• Please close the door when you leave.
• He likes to close his book before sleeping.
• She wants to close the deal by Friday.

Close in a sentence

Prospect

Definition: The possibility or likelihood of something happening; often used for future events.

• The prospect of a new job excited her.
• He considered the prospect of traveling abroad.
• Understanding prospect can help in planning.

Prospect in a sentence

Follow-up

Definition: an action that comes after an initial action; checking on something

• She scheduled a follow-up appointment with the doctor.
• The teacher did a follow-up on the students’ progress.
• A follow-up email can help clarify any questions.

Solution

Definition: An answer to a problem.

• We need to find a solution to this issue.
• The teacher provided a solution to the math problem.
• There are many solutions to environmental challenges.

Solution in a sentence

Competition

Definition: A contest or rivalry between individuals or groups.

• The competition for the science fair was intense.
• She entered a painting competition.
• They held a competition to see who could run the fastest.

Competition in a sentence

Quota

Definition: a fixed share or amount of something

• Each student has a quota of books to read this semester.
• The company set a quota for sales this year.
• She met her quota for the month ahead of time.

Quota in a sentence

Pipeline

Definition: A long tube through which liquids or gases flow.

• The pipeline carries water from the reservoir to the city.
• They built a new pipeline to transport oil.
• The pipeline was inspected for leaks regularly.

Pipeline in a sentence

Conversion

Definition: The process of changing from one form to another.

• The conversion of the building into a museum was successful.
• She completed the conversion of the file format.
• The conversion of units is important in math.

Conversion in a sentence

Territory

Definition: An area of land or region that is owned or controlled by someone or something.

• Animals often defend their territory from intruders.
• The country expanded its territory through negotiation.
• Understanding territory is important in geography and politics.

Territory in a sentence

Outreach

Definition: The act of reaching out to help others.

• Our outreach program helps the community.
• They organize outreach events every month.
• She volunteers for an outreach organization.

Outreach in a sentence

Engagement

Definition: An agreement to get married; involvement in an activity.

• Their engagement was announced last week.
• She has a strong engagement in her studies.
• The engagement party was a lot of fun.

Engagement in a sentence

Retention

Definition: The ability to keep or hold onto something; often refers to keeping employees or information.

• Employee retention is important for a successful business.
• The school focuses on student retention through support programs.
• Retention of information is key for effective studying.

Retention in a sentence

Forecasting

Definition: The process of making predictions about future events based on data or trends.

• Weather forecasting helps us prepare for storms.
• The company relies on sales forecasting to plan production.
• He learned about forecasting in his economics course.

Forecasting in a sentence

Value Proposition

Definition: A statement that explains the benefits of a product or service.

• The value proposition clearly outlines why customers should choose us.
• A strong value proposition can attract more customers.
• Companies refine their value proposition to stay competitive in the market.

Objection

Definition: A reason for disagreeing or opposing something.

• He raised an objection to the proposed changes.
• Her objection was noted during the discussion.
• They considered all objections before making a decision.

Objection in a sentence

Upsell

Definition: To persuade a customer to purchase a more expensive item or upgrade.

• The salesperson tried to upsell the customer on a premium model.
• They learned how to upsell effectively during training.
• Upselling can increase profits for businesses.

Referral

Definition: the act of directing someone to a different person or place

• She received a referral to a specialist for her condition.
• The doctor made a referral for further testing.
• He appreciated the referral to the best dentist in town.

Referral in a sentence

Analytics

Definition: The systematic analysis of data to gain insights and inform decisions.

• Analytics can help businesses understand customer behavior.
• She used analytics to improve the marketing strategy.
• Effective analytics can drive growth and innovation.

Analytics in a sentence

Partnership

Definition: A relationship where two or more parties work together.

• The partnership between the two companies was successful.
• She formed a partnership with her friend to start a business.
• Good communication is key in any partnership.

Partnership in a sentence

Segmentation

Definition: The process of dividing something into parts or sections.

• Market segmentation helps businesses target their audience.
• They used segmentation to analyze customer preferences.
• Segmentation is important in data analysis.

Segmentation in a sentence

Brand

Definition: A name given to a product or service, often associated with quality.

• Nike is a popular brand for sportswear.
• What brand of shoes do you prefer?
• The brand of cereal we buy is healthy.

Brand in a sentence

Prospecting

Definition: the act of searching for potential customers or clients

• Salespeople spend time prospecting for new leads every week.
• Prospecting requires patience and strategy to find the right clients.
• She enjoys prospecting because it allows her to meet new people.

Prospecting in a sentence

Upselling

Definition: The act of persuading customers to buy additional or more expensive items.

• Upselling is common in fast-food restaurants.
• She mastered upselling techniques to boost sales.
• Understanding upselling can enhance customer service.

Cross-selling

Definition: The practice of selling different products to the same customer.

• Cross-selling is common in retail, like suggesting accessories at checkout.
• They focused on cross-selling to increase their overall revenue.
• Effective cross-selling can enhance the shopping experience.

Rapport

Definition: A positive and trusting relationship between people.

• Building rapport is important for effective communication.
• She established rapport with her students quickly.
• Understanding rapport enhances personal and professional interactions.

Rapport in a sentence

Metrics

Definition: Standards of measurement used to assess performance or progress.

• The teacher uses metrics to evaluate student success.
• He studied the metrics of the marketing campaign.
• Understanding metrics helps improve strategies.

Metrics in a sentence

Target Market

Definition: The specific group of consumers that a business aims to sell to.

• The company identified teenagers as their target market.
• Understanding the target market helps in product development.
• Their target market is health-conscious individuals.

Objections

Definition: Reasons for disagreeing or opposing something; plural of objection.

• She had several objections to the plan presented.
• The team discussed the objections raised during the meeting.
• Addressing objections is crucial for effective communication.

Closing

Definition: the act of finishing or concluding something

• The closing of the event was very emotional.
• She gave a closing speech at the conference.
• The closing of the store was announced early.

Closing in a sentence

Relationship Management

Definition: The process of developing and maintaining positive connections with others.

• Effective relationship management is important in business.
• She focuses on relationship management to enhance customer satisfaction.
• Understanding relationship management fosters collaboration.

Differentiation

Definition: The process of distinguishing or recognizing differences between things.

• In math, differentiation helps find the slope of a curve.
• Differentiation in teaching allows for varied learning styles.
• Understanding differentiation is important in biology for species classification.

Differentiation in a sentence

Consultation

Definition: A meeting to discuss or seek advice on a topic.

• She had a consultation with a doctor.
• The consultation helped clarify their options.
• They scheduled a consultation for the project.

Consultation in a sentence

Alignment

Definition: The arrangement of something in a straight line; agreement.

• The alignment of the wheels was off, causing issues.
• They checked the alignment of the project goals.
• Proper alignment is crucial for the machine's operation.

Alignment in a sentence

Insights

Definition: Deep understanding or awareness about a subject.

• The report provided valuable insights into the market.
• Her insights helped improve the project.
• They gained insights from the survey results.

Collaboration

Definition: working together to achieve a goal

• The collaboration between students was great.
• They focused on collaboration for the project.
• Her collaboration with the artist produced amazing results.

Collaboration in a sentence

Performance

Definition: The act of doing something, especially in front of an audience; how well someone does a task.

• The performance of the students was impressive.
• He practiced daily for his music performance.
• Her performance in the play earned her applause.

Performance in a sentence

Accountability

Definition: Being responsible for one's actions.

• Accountability is important in teamwork.
• He took accountability for his mistakes.
• The company promotes accountability among its employees.

Accountability in a sentence

Leverage

Definition: To use something to maximum advantage; often refers to resources or influence.

• He used his connections to leverage a better job offer.
• Understanding leverage can help in negotiations.
• She aims to leverage her skills for career growth.

Leverage in a sentence

Synergy

Definition: The combined effect that is greater than the sum of individual effects.

• The team worked together in synergy to complete the project.
• Synergy can enhance creativity and productivity.
• Finding synergy among team members is crucial for success.

Synergy in a sentence

KPI

Definition: Key Performance Indicator; a measurable value that demonstrates how effectively a company is achieving key objectives.

• The team used KPIs to track their progress.
• KPIs help organizations evaluate success.
• She learned about setting KPIs for projects.

ROI

Definition: Return on Investment; a measure of the profitability of an investment.

• Calculating ROI helps businesses assess performance.
• She analyzed the ROI of her marketing campaign.
• A high ROI indicates successful investments.

ROI in a sentence

Churn

Definition: To move or stir vigorously; to shake up.

• She churned the cream to make butter.
• The river began to churn after the heavy rain.
• He watched the churn of waves at the beach.

Churn in a sentence

Client-centric

Definition: Similar to client-centered; prioritizing the client’s needs.

• The company is known for its client-centric policies.
• They focus on client-centric solutions for problems.
• A client-centric approach builds trust.

Deliverables

Definition: Specific results or outputs that must be provided as part of a project.

• The project manager outlined the key deliverables for the team.
• They discussed the deliverables during the meeting.
• Understanding deliverables ensures project success.

Stakeholder

Definition: A person or group with an interest in a project or decision.

• The company considers all stakeholders in its decisions.
• Parents are important stakeholders in education.
• They invited stakeholders to discuss the new plan.

Stakeholder in a sentence

Touchpoint

Definition: Any interaction or point of contact between a customer and a company.

• Each touchpoint is an opportunity to connect with customers.
• They analyzed touchpoints to improve customer satisfaction.
• Understanding touchpoints is important in marketing.

Brand Equity

Definition: the value of a brand based on consumer perception

• Strong brand equity helps companies sell more products.
• They invested in advertising to increase brand equity.
• Her favorite brand has high brand equity among teens.