taper

Vocabulary Word

Definition

To 'taper' is lessening or reducing the intensity, frequency or rate of something over time. Recall how the thickness of a pencil decreases from the bottom to the sharpened tip.

Examples in Different Contexts

In manufacturing, 'taper' often refers to the gradual thinning of materials. A manufacturer might instruct, 'The metal rod needs to taper gently to fit precisely into the receiving component.'

Practice Scenarios

Business

Scenario:

Our expenditures have been significantly high this year. We need to take measures to maintain our financial stability.

Response:

I agree. We must begin to taper our monthly expenditures and focus on revenue-generating activities only.

Operations

Scenario:

The demand for our product has seen a significant drop recently. We need to consider how this adjusts our production planning.

Response:

With the demand reduction, we should indeed taper our production plan to meet the actual sales projections.