Improve Your ROI with These Business Abbreviations
The business world is filled with abbreviations, so if you're learning English to help your career, here are just a few you should know.
One abbreviation that may be used a lot more as more people work outside of the office is "WFH," which means "Working From Home." If someone is working from home they might put this abbreviation next to their name in the program the company uses to communicate, so their colleagues know they are not in the office that day.
Many businesses use "KPIs," or "Key Performance Indicators" to track how well they are doing, or how much work their employees are doing each day.
KPIs measure something that is important to the success of a business. For a call center it might be how many calls a person makes each day, but for a company that sells cars it might be how much money an employee makes for the company in a week.
If a person is trying to decide how successful a business or investment may be, they might ask about its "ROI," or "Return on Investment." This is usually a percentage showing how much money an investor can expect to make in an amount of time, compared to how much money they will have to spend to get it.
For example, if an investment has a yearly ROI of 10%, then putting $100 into it would earn them $110 a year later.
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