option

Vocabulary Word

Definition

'Option' refers to a choice or possibility from multiple available alternatives. It's like deciding between taking a flight, a train, or a bus to reach a destination.

Examples in Different Contexts

In impact investing, 'options' can be used to manage risks associated with market uncertainties. An impact investor might declare, 'Leveraging options helps us navigate market uncertainties, ensuring our investments continue to support impactful projects resiliently.'

Practice Scenarios

Business

Scenario:

Our start-up needs additional funding. We need to explore different avenues for investment.

Response:

We do have the option of a venture capital firm who showed interest in investing in us.

Creative

Scenario:

The client wasn't satisfied with the initial design. Can we provide them with several alternatives?

Response:

I can create several logo design options in various color palettes and styles.