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Questions and Answers
What does 'affordable' mean in a business context?
What is an 'appraisal meeting'?
What does 'accumulate' mean?
What is a 'benchmark'?
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What does 'anchor' mean in pricing?
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What is an 'asset'?
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What does 'allocate' mean?
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What does 'abroad' mean?
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What is the term for the movement of money into and out of a business?
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What is the title of the person with the highest rank in a business company?
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What is the term for the extent to which consumers are familiar with the qualities or image of a particular brand of goods?
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What is the term for a person or thing that causes change?
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What is the term for the dishonest act of giving somebody money to persuade them to help you or do something bad?
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What is the term for a product or raw material that can be bought and sold?
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What is the term for the person in a company who has the most authority over the finances?
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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?
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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.
