income

Vocabulary Word

Definition

'Income' means the money you receive on a regular basis. This can be your salary from work, profits from a business, or returns on investments.

Examples in Different Contexts

In financial management, analyzing 'income' is pivotal to assessing a company’s profitability and sustainability. A CFO might declare, 'Strategically managing and diversifying our income sources is crucial to enhancing our financial resilience and fostering business growth.'

Practice Scenarios

Business

Scenario:

Successfully diversifying our products led to profitable results last quarter. We should keep innovating and exploring new opportunities.

Response:

Indeed, our diversification strategy has boosted our income. We should continue to seek potential markets.

Tech

Scenario:

Our latest app has received great reviews and high user engagement. We can expect a stronger performance from our digital products.

Response:

With our app's user engagement high, we can anticipate an increase in income from subscriptions.