adjustment

Vocabulary Word

Definition

'Adjustment' is a change or alteration often made to improve a situation or to fit a new condition. It's like modifying the brightness of your computer screen to reduce glare.

Examples in Different Contexts

In financial terms, an 'adjustment' might refer to changes in a budget to address unforeseen costs. A CFO might say, 'We've made an adjustment to our quarterly forecast based on new market data.'

Practice Scenarios

Business

Scenario:

Our revenue fell short this quarter, we might need to reconsider our pricing to attract more customers.

Response:

Let's make an adjustment to our pricing. A small increase might enhance revenue without alienating customers.

Impact

Scenario:

Our conservation efforts haven't significantly improved the wildlife population, we should reassess our approach.

Response:

Indeed, making an adjustment in our strategy, by focusing on specific species, might have a greater impact.