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Business Dictionary :
Absolute, Absolutely and Absorb
Absolute, Absolutely and Absorb
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Absolute : adjective : complete or total
Absolute monopoly = situation where only one producer or supplier produces or supplies something
• The company has an absolute monopoly of imports of French wine.
Absolutely : adverb : completely
• We are absolutely tied to our suppliers' schedules.
Absorb : verb :
(a) to take in a small item so as to form part of a larger one
(b) to absorb a surplus = to take back surplus stock so that it does not affect a business
• Overheads have absorbed all our profits.
• All our profits have gone in paying over¬head expenses.
(c) to absorb a loss by a subsidiary = to write a subsidiary company’s loss into the main accounts
(c) business which has been absorbed by a competitor = a small business which has been made part of a larger one