expenditure

Vocabulary Word

Definition

'Expenditure' is a word that refers to the amount of money you spend on something or different things. It can refer to a business buying supplies or a family buying groceries.

Examples in Different Contexts

In tech companies, managing 'expenditure' on innovation is crucial to stay competitive. A tech product manager might state, 'Balancing expenditure between developing new products and enhancing existing ones is crucial for continuous innovation and market relevance.'

Practice Scenarios

Academics

Scenario:

With the shift to remote learning, we are investing more in technology and virtual resources to ensure students have access to the curriculum.

Response:

Absolutely. Increasing our expenditure on virtual resources will surely enhance remote learning experiences.

Tech

Scenario:

The development process is costly due to the need for high-tech equipment and skilled workers. We need to keep a check on our overheads.

Response:

Yes, let's revisit our technology expenditure and see if there are areas where we can optimize costs.