Glossary entry (derived from question below)
English term or phrase:
chase position
English answer:
competitive position
Added to glossary by
Ana Juliá
Aug 21, 2014 07:08
9 yrs ago
English term
chase position
English
Bus/Financial
Business/Commerce (general)
sports apparel company
In its first year, this product collection represented nearly a quarter of the red label business within the department and played a significant role in the strong increase in revenues for that segment of department business. The department was able to execute a multi-million dollar ***chase position*** within the first few weeks of strong selling.
Is this a sports term? What do they refer to?
Thank you all in advance.
Is this a sports term? What do they refer to?
Thank you all in advance.
Responses
4 | competitive position | Yevheniya Vavrenchuk |
4 | in a good position to chase the leaders for top position | Yvonne Gallagher |
References
Nascar Chase for the Sprint Cup | Helena Chavarria |
Responses
1 hr
Selected
competitive position
When you contest your rivals in sport or in business.
4 KudoZ points awarded for this answer.
Comment: "Thanks"
16 hrs
in a good position to chase the leaders for top position
...and perhaps win.
So the department was lagging behind (other departments) in sales it seemed until "this product collection" started selling strongly in its first year and so greatly improved their position and gave them a chance of catching up and perhaps overtaking other departments...
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Note added at 1 day5 hrs (2014-08-22 12:59:48 GMT) Post-grading
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"execute" here means "put themselves into a (good position to chase)... or "placed themselves...".
So the department was lagging behind (other departments) in sales it seemed until "this product collection" started selling strongly in its first year and so greatly improved their position and gave them a chance of catching up and perhaps overtaking other departments...
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Note added at 1 day5 hrs (2014-08-22 12:59:48 GMT) Post-grading
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"execute" here means "put themselves into a (good position to chase)... or "placed themselves...".
Reference comments
1 hr
Reference:
Nascar Chase for the Sprint Cup
What you need to know about the qualifying for the Chase:
Under the new format, 16 drivers will qualify for the Chase For The Sprint Cup.
The top 15 drivers with the most wins throughout the first 26 races will earn a spot in the grid.
NOTE: these drivers must ALSO finish in the top 30 in points throughout the season, as well as attempt to qualify for every race.
The 16th ***Chase position*** will go to the points leader after the first 26 races, provided that the top points leader has not won a race yet.
Under the new format, 16 drivers will qualify for the Chase For The Sprint Cup.
The top 15 drivers with the most wins throughout the first 26 races will earn a spot in the grid.
NOTE: these drivers must ALSO finish in the top 30 in points throughout the season, as well as attempt to qualify for every race.
The 16th ***Chase position*** will go to the points leader after the first 26 races, provided that the top points leader has not won a race yet.
Discussion
I wonder if the writer of the text is just playing with concepts that allude to the great big world of finance "execute a position" and the great world of famous sporting events [Nascar] "chase position", but is only wanting to say that the department did brilliantly and turned over millions of dollars profitably???