Business Terminology Quiz

Business Terminology

• Diversify: to become more varied or different, e.g., by selling different products
• Retail outlets: places where goods are sold, including shops, stores, kiosks, and markets

Company Ownership

• Controlling interest: a sufficient number of stocks in a company to decide what to do at an Annual General Meeting
• Listed companies: public companies whose stocks are traded on a stock exchange
• Conglomerates: companies that own or control several smaller businesses selling very different products or services
• Subsidiaries: companies that are owned by a larger parent company

Financial Concepts

• Fees: amounts of money paid for services
• Market capitalization: the total value of a company on the stock exchange (the price of all its stocks)
• Pension fund: a sum of money reserved to pay a company's retired employees

Business Strategies

• Synergy: the combined power or value of a group of things working together, which is greater than the total power or value achieved when each is working separately
• Horizontal integration: when one firm acquires another firm operating in the same industry or producing the same line of products
• Vertical integration: involves the acquisition of a key component of a company's supply chain, either upstream or downstream from its own core competency