acquisition

Vocabulary Word

Definition

'Acquisition' is a more professional term for getting something. Usually, it represents something valuable like a company or collection.

Examples in Different Contexts

In tech startups, 'acquisition' can refer to the growth in user base. A product manager might note, 'Our new feature drove a 20% increase in user acquisition this quarter.'

Practice Scenarios

Impact

Scenario:

Our goal is to move towards sustainable materials. This new supplier offers a significant reduction in carbon footprint.

Response:

That's a great point. The acquisition of these sustainable resources aligns perfectly with our goals.

Tech

Scenario:

We need to upgrade our cybersecurity. This new software comes with advanced threat detection capabilities.

Response:

Perfect, let's proceed with the acquisition of this software. It will significantly elevate our security measures.