sales-targets

Vocabulary Word

Definition

'Sales targets' are the goals or objectives set by a team or an individual for the amount of product or services they want to sell within a specific time period.

Examples in Different Contexts

In company objectives, 'sales targets' are set to align with the strategic goals of the business, such as market expansion or product launch success. An executive might announce, 'Our sales targets for the upcoming year are integral to our strategy for entering new markets and will require focused efforts across all departments.'

Practice Scenarios

Operations

Scenario:

We've streamlined our supply chain and improved our process efficiency. Can we aim for better targets in the coming quarter?

Response:

Our improved efficiency could indeed allow for higher sales targets next quarter.

Business

Scenario:

Our new product line has been performing well. We should consider revising our objectives upward.

Response:

I agree. Based on our current performance, we should definitely revise our sales targets.