Business Vocabulary

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Terms in this set (...)

customer
a person who buys goods or a service directly from a shop or a company
business plan
detailed plan describing the future plans of a business
entrepreneur
someone who starts their own business
manufacturer
a company that produces goods in large numbers
partner
one of the owners of a company
retailer
a person, shop, or business that sells goods to the public
supplier
a company, person, etc. that provides things that people want or need, especially over a long period of time
wholesaler
someone who buys and sells goods in large amounts to shops and businesses
profit
money that is earned in trade or business after paying the costs of producing and selling goods and services
loss
a situation in which a business spends more money than it earns
tax
an amount of) money paid to the government that is based on your income or the cost of goods or services you have bought
wages
the money earned by an employee, esp. when paid for the hours worked
price
the amount of money for which something is sold
staff
the group of people who work for an organization
competitor
a person, team, or company that is competing against others
community
the people living in one particular area or people who are considered as a unit because of their common interests, social group, or nationality
law
a rule, usually made by a government, that is used to order the way in which a society behaves
invest
to put money, effort, time, etc. into something to make a profit or get an advantage
market research
the collection and examination of information about things that people buy or might buy and their feelings about things that they have bought
sponsor
to support a person, organization, or activity by giving money, encouragement, or other help
promotion
activities to advertise something
cost
the amount of money needed to buy, do, or make something
service
the act of dealing with customers in a shop, restaurant, or hotel by taking their orders, showing or selling them goods, etc.
bonus
an extra amount of money that is given to you as a present or reward for good work as well as the money you were expecting
bribe
to try to make someone do something for you by giving them money, presents, or something else that they want
bankrupt
unable to pay what you owe, and having had control of your financial matters given, by a law court, to a person who sells your property to pay your debts
factory
building or set of buildings where large amounts of goods are made using machines
shoplifting
the illegal act of taking goods from a shop without paying for them
branch
one of the offices or groups that form part of a large business organization
manager
the person who is responsible for managing an organization
colleague
one of a group of people who work together
wealthy
rich
workaholic
a person who works a lot of the time and finds it difficult not to work
order
a request to make, supply, or deliver food or goods
product range
all the types of products that a company or store sells
Chief Executive Officer CEO
the person with the most important position in a company
own
to have something that legally belongs to you
brand
a type of product made by a particular company
founder
someone who establishes an organization
launch
to begin something such as a plan or introduce something new such as a product
import
to buy or bring in products from another country
delivery
the act of taking goods, letters, parcels, etc. to people's houses or places of work
quantity
the amount or number of something, especially that can be measured
negotiate
to have formal discussions with someone in order to reach an agreement with them
payment
an amount of money paid
industry
the companies and activities involved in the process of producing goods for sale, especially in a factory or special area
endorsement
the fact of a famous person appearing in an advertisement saying that they use and like a product
annual
relating to a period of one year
sales
the number of items sold
department store
a large shop divided into several different parts, each of which sells different things
IPO (initial public offering)
The first time a company sells shares of its stock to the public.
framework
a basic set of ideas used to develop a larger plan

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