margin

Vocabulary Word

Definition

'Margin' is a term often used in business and finance. It means difference between the selling price and the cost. For example, if you sell a product for $15, but it cost $10 to make, your margin is $5.

Examples in Different Contexts

We have a 'margin' of two weeks before the project deadline. This extra time allows us to handle unforeseen challenges or make improvements to the final product.

Practice Scenarios

Finance

Scenario:

Investing in volatile stocks is risky. Have you considered diversifying your portfolio?

Response:

I've been considering it. Having a diverse portfolio minimizes risk, but I'll still need to watch my margin.

Tech

Scenario:

This web page layout is looking a little too cramped. Would reducing the text size and modifying alignment help?

Response:

I agree, adjusting the margins of the elements internally can free up space and uncram them.