Business English Vocabulary
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Questions and Answers

What does 'affordable' mean in a business context?

  • A luxury item that is hard to find.
  • Something that is very expensive.
  • A service that is available to everybody.
  • Possible for somebody to buy, not too expensive. (correct)

    • What is an 'appraisal meeting'?

  • A meeting to discuss a company's financial performance.
  • A meeting to discuss an employee's performance. (correct)
  • A meeting to discuss a company's marketing strategy.
  • A meeting to discuss a company's HR policies.

    • What does 'accumulate' mean?

  • To spend or lose something gradually.
  • To borrow money to buy something.
  • To sell or give away something quickly.
  • To get or receive something gradually over a period of time. (correct)

    • What is a 'benchmark'?

    <p>A standard that something can be judged by.</p> Signup and view all the answers

    What does 'anchor' mean in pricing?

    <p>A price establishing a price point customers can refer to when making a choice.</p> Signup and view all the answers

    What is an 'asset'?

    <p>Something belonging to an individual or business that has value or the power to earn money.</p> Signup and view all the answers

    What does 'allocate' mean?

    <p>To decide how something should be used or distributed.</p> Signup and view all the answers

    What does 'abroad' mean?

    <p>In a foreign country.</p> Signup and view all the answers

    What is the term for the movement of money into and out of a business?

    <p>Cash-flow</p> Signup and view all the answers

    What is the title of the person with the highest rank in a business company?

    <p>CEO</p> Signup and view all the answers

    What is the term for the extent to which consumers are familiar with the qualities or image of a particular brand of goods?

    <p>Brand awareness</p> Signup and view all the answers

    What is the term for a person or thing that causes change?

    <p>Catalyst</p> Signup and view all the answers

    What is the term for the dishonest act of giving somebody money to persuade them to help you or do something bad?

    <p>Bribery</p> Signup and view all the answers

    What is the term for a product or raw material that can be bought and sold?

    <p>Commodity</p> Signup and view all the answers

    What is the term for the person in a company who has the most authority over the finances?

    <p>CFO</p> Signup and view all the answers

    What is the term for a research method used by businesses and organizations to collect information about the preferences, behavior, and opinions of consumers/customers?

    <p>Consumer survey</p> Signup and view all the answers

    Study Notes

    Business and Finance

    • A rise or raise refers to an increase in salary or wages.
    • Abroad refers to being in or to a foreign country.
    • Access refers to the opportunity or right to use something or to see someone/something.

    Business Operations

    • Accounts refer to the part of the company that keeps records of money owed to the business and money paid by it.
    • Accumulation is the process of gradually getting more of something over a period of time.
    • Accurate forecast is a correct statement about what will happen in the future based on current information.
    • Achieve means to succeed in doing something.
    • Acquisition refers to when one company buys another one or part of another one.

    Business Management

    • Adjust means to get used to a certain situation.
    • Affect (verb) means to produce a change in something/somebody.
    • Affiliated means closely connected to or controlled by a group or organisation.
    • Affordable means possible for somebody to buy, not too expensive.
    • Allocate means to decide how something should be used.
    • Anchoring refers to establishing a price point customers can refer to when making a choice.

    Human Resources

    • Annual bonus refers to extra money added to somebody's salary/wages as a reward.
    • Apply/applicant means wanting a job.
    • Appoint means to choose somebody for a job or position of responsibility.
    • Appraisal refers to a meeting in which a manager discusses with an employee how well they have been doing their job.
    • Assessment means judging something.
    • Asset refers to something belonging to an individual or business that has value or the power to earn money.

    Financial Management

    • Balance sheet refers to a statement showing the wealth of a business or organisation at a particular date.
    • Bankrupt means not having enough money to pay your debts.
    • Bargain (verb) means to discuss prices, conditions, etc. in order to reach an agreement.
    • Benchmark means to provide a standard that something can be judged by.
    • Benefits refer to money provided by the government to people who need financial help.

    Business Performance

    • Booming means rapidly growing or becoming more successful.
    • Boost means to make something increase or become better or more successful.
    • Bottom line refers to the figure showing a company's total profit or loss.
    • Bottom-up means starting with or involving the people who have lower positions in the organisation.

    Business Strategy

    • Boundary refers to a dividing line.
    • Branch refers to an individual bank, shop, office, etc. that is part of a large organisation.
    • Branch out means to start to do an activity in business that you have not done before.
    • Brand refers to the identity of a product or a service.
    • Brand awareness refers to the extent to which consumers are familiar with the qualities or image of a particular brand.

    Ethics and Social Responsibility

    • Bribery refers to the dishonest act of giving somebody money to persuade them to help you or do something bad.
    • Charity refers to an organisation whose aim it is to help people in need, rather than make a profit.

    Financial Planning

    • Cash-flow refers to the movement of money into and out of a business.
    • Catalyst refers to a person or thing that causes change.
    • CEO refers to the person with the highest rank in a business company.
    • CFO refers to the person in a company who has the most authority over the finances.

    Marketing and Research

    • Claim expenses refers to requesting money from an employer for something an employee has paid for.
    • Collate means to collect and arrange information from several different sources.
    • Commodity refers to a product or raw material that can be bought and sold.
    • Competition refers to rivalry between businesses that are operating in the same market.
    • Comply means to obey the official rules.

    Consumer Behavior

    • Consumer confidence refers to people's confidence in the economy, making them willing to spend money.
    • Consumer recommendation refers to a suggestion from buyers to buy something.
    • Consumer/customer survey refers to research method used by businesses to collect information about consumer preferences, behavior, and opinions.
    • Consumerism refers to the buying and using of goods and services; the belief that it is good for a society or an individual person to buy and use more goods and services.

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    Description

    Test your understanding of common business English vocabulary, including words related to finance, work, and international business. Learn to use these words in context and improve your communication skills.

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