The Top 100 Most Important Words in Business English – Flashcards
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management
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those in charge of running a business
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business
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the activity of providing goods and services involving financial and commercial and industrial aspects
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marketing
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the commercial processes involved in promoting and selling and distributing a product or service
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profit
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the amount of money left over after expenses are taken out
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telecommuting
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involves working at home usually on a computer
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downsizing
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a planned reduction in the number of employees needed in a firm in order to reduce costs and make the business more efficient
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outsourcing
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contracting out selected functions or activities of an organization to other organizations that can do the work more cost efficiently
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R&D
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Research and Development: Business or government activity that is purposely designed to stimulate invention and innovation
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headquarters
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(usually plural) the office that serves as the administrative center of an enterprise
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market
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the world of commercial activity where goods and services are bought and sold
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bonus
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an additional payment (or other remuneration) to employees as a means of increasing output
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personnel
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staff, employees, work force
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quarter
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One of four equal parts into which anything is or may be divided.
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promotion
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act of raising in rank or position
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asset
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anything of value that is owned
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recruitment
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finding new people to join an organization
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sales department
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the division of a business that is responsible for selling products or services
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liability
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an amount owed by a business
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presentation
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a show or display
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meeting
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a formally arranged gathering
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end user
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The person or group who will use the product produced by the project.
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party
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a person involved in legal proceedings
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objective
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the goal intended to be attained (and which is believed to be attainable)
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entrepreneur
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a person who organizes, manages, and takes on the risks of a business
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contract
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a binding agreement between two or more persons that is enforceable by law
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commercial
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a commercially sponsored ad on radio or television
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Venture Capital
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money that is invested in new or emerging companies that are perceived as having great profit potential
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investment
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putting money into something in order to make a profit
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credit
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arrangement for deferred payment for goods and services
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opportunity cost
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cost in terms of foregone alternatives
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logistics
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the process of strategically managing the efficient flow and storage of raw materials, in-process inventory, and finished goods from point of origin to point of consumption
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agreement
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a decision reached by two or more people or groups
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shareholder
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someone who holds shares of stock in a corporation
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stakeholder
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any group within or outside the organization that has a stake in the organization's performance
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interest
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the price paid for the use of borrowed money
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customer service department
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the department in a retail organization that handles customer inquiries and complaints
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inventory
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(accounting) the value of a firm's current assets including raw materials and work in progress and finished goods
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terms
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the amount of money needed to purchase something, Any of a variety of conditions attached to a financial transaction.
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loan
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An amount of money given to the borrower for a set period of time. After the set time has passed, the money must be paid back plus the lending fee, called interest. Payments are normally made over a series of months.
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lien
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the right to take another's property if an obligation is not discharged
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manager
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Someone who coordinates and oversees the work of other people so that organizational goals can be accomplished
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board of directors
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A group of people elected by the stockholders of a corporation to set the policies for the corporation.
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accounting
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the occupation of maintaining and auditing records and preparing financial reports for a business
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staff
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personnel who assist their superior in carrying out an assigned task
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Human Resources
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maintains policies, plans, and procedures for the effective management of employees
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capital
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wealth in the form of money or property owned by a person or business and human resources of economic value
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budget
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a summary of intended expenditures along with proposals for how to meet them
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disruption
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an unexpected event that throws a plan into disorder; an interruption that prevents a system or process from continuing as usual or as expected.
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networking
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Using contacts with friends and family members as a means of finding job leads
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launch
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to officially start something
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consumer
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a person who uses goods or services
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supply chain
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The connected chain of all of the business entities, both internal and external to the company, that perform or support the logistics function
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startup
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A new venture that is trying to discover a profitable business model for future success.
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branding
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combination of name, words, symbols, or design that identifies the product and its source and distinguishes it from competing brands
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overhead
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the amount of money it takes to run a business
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point of sale
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places where goods are sold to the public - shops, stores, kiosks, market stalls, etc
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cost of sales
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The cost of the inventory that the business has sold to customers.
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wholesale
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selling or related to selling goods in large quantities for resale to the consumer
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company
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an institution created to conduct business
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revenue
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the entire amount of income before any deductions are made
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salary
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the money paid for employee services
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account
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a statement of recent transactions and the resulting balance
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grant
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a sum of money or other payment given for a particular purpose
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non profit organization
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an organization whose goals do not include making a personal profit for its owners or organizers
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operations
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Performance of a practical work or of something involving the practical application of principles or processes
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CEO
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the corporate executive responsible for the operations of the firm
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equity
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the difference between the market value of a property and the claims held against it
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competitor
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One who competes or is a rival of another business enterprise.
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merger
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Combination of two or more companies into a single firm
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acquisition
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The taking over the control of one company by another.
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partnership
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a contract between two or more persons who agree to pool talent and money and share profits or losses
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agenda
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a temporally organized plan for matters to be attended to
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status report
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a report summarizing a group's past achievements and future goals
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margin
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(finance) the net sales minus the cost of goods and services sold
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sponsor
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Businesses or organizations that pay for advertising.
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income statement
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a financial statement that gives operating results for a specific period
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balance sheet
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a financial statement that reports assets, liabilities, and owner's equity on a specific date
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cash flow statement
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A financial statement that shows the flow of money in and out of the business.
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c/o
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care of
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platform
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the means of delivering a specific piece of media content
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web 2.0
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the read/write web; the second generation of web-based services and tools which make content creation on the web easier and more accessible to a wide variety of users
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social media
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media whose content is created and distributed through social interaction
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project
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any piece of work that is undertaken or attempted
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multitask
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to do more than one thing at the same time
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reach a consensus
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all the people in a group agreeing on an idea or opinion
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resign
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leave (a job, post, post, or position) voluntarily
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CV
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a summary of your academic and work history
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conference call
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A synchronous virtual meeting in which participants meet at the same time via a voice-communication channel.
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exchange rate
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the value of a currency in one country compared with the value in another
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transaction
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a business activity that changes assets, liabilities, or owner's equity
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viral marketing
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A strategy to get consumers to share a marketer's message, often through e-mail or online video, in a way that spreads dramatically and quickly
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industry
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the people or companies engaged in a particular kind of commercial enterprise
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monetization
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the process of converting something that once was free into a product that is sold
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scalable
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The property of a network that allows you to add nodes or increase its size easily.
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strategy
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an elaborate and systematic plan of action
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information technology
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the use of technology to move and process information
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trademark
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a formally registered symbol identifying the manufacturer or distributor of a product
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CBA
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The formal decision making process used when considering the economic feasibility of implementing information security controls and safeguards is called a(n) _____.
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business plan
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A written description of the business idea and how it will be carried out, including all major business activities.
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deadline
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the point in time at which something must be completed
