Business Vocabulary

Assets: Resources owned by a business, such as cash, inventory, and property
Liabilities: Debts or obligations owed by a business
Equity: Ownership interest in a business, including shareholder value
Revenue: Income generated from sales or services
Profit: Revenue minus expenses
ROI (Return on Investment): Profitability ratio of investment

CEO (Chief Executive Officer): Highest-ranking executive in a company
Manager: Person responsible for planning, organizing, and supervising a team
Strategy: Long-term plan to achieve business goals
SWOT Analysis: Identification of Strengths, Weaknesses, Opportunities, and Threats
Team Building: Activities to improve collaboration and communication among employees

Target Market: Specific group of customers a business aims to serve
USP (Unique Selling Point): Feature that sets a product or service apart from competitors
Marketing Mix: Combination of product, price, promotion, and place (4Ps)
Brand Awareness: Recognition and reputation of a business or product
Sales Pitch: Persuasive presentation to convince customers to buy

HR (Human Resources): Department responsible for employee management and development
Recruitment: Process of finding and hiring new employees
Onboarding: Process of integrating new employees into the company
Performance Appraisal: Evaluation of employee job performance
Employee Engagement: Level of enthusiasm and commitment among employees

Globalization: Increasing interconnectedness of world economies
Export: Sale of goods or services to another country
Import: Purchase of goods or services from another country
Trade Barrier: Restriction or obstacle to international trade
Cultural Competence: Ability to understand and adapt to different cultural norms

Assets are resources owned by a business, such as cash, inventory, and property, which are expected to generate future economic benefits.
Liabilities are debts or obligations owed by a business, which must be paid or settled in the future.
Equity represents the ownership interest in a business, including shareholder value, and is calculated by subtracting liabilities from assets.
Revenue is the income generated from sales or services, and is an essential component of a business's financial performance.
Profit is the revenue minus expenses, and is a key indicator of a business's financial health.
ROI (Return on Investment) is a profitability ratio that measures the return on an investment, and is calculated by dividing the gain of an investment by its cost.

A CEO (Chief Executive Officer) is the highest-ranking executive in a company, responsible for making strategic decisions and overseeing overall operations.
A manager is responsible for planning, organizing, and supervising a team, and is accountable for achieving specific business objectives.
A strategy is a long-term plan to achieve business goals, and involves setting objectives, allocating resources, and prioritizing activities.
A SWOT analysis is a tool used to identify a business's strengths, weaknesses, opportunities, and threats, and helps inform strategic decision-making.
Team building activities aim to improve collaboration and communication among employees, and can enhance overall business performance.

A target market is a specific group of customers that a business aims to serve, and is characterized by demographics, needs, and preferences.
A USP (Unique Selling Point) is a feature that sets a product or service apart from competitors, and is used to differentiate a business in the market.
The marketing mix consists of four elements: product, price, promotion, and place (4Ps), which are used to create a marketing strategy.
Brand awareness refers to the recognition and reputation of a business or product, and is a key aspect of building customer loyalty.
A sales pitch is a persuasive presentation used to convince customers to buy a product or service, and involves highlighting its benefits and value.

HR (Human Resources) is the department responsible for employee management and development, including recruitment, training, and performance management.
Recruitment is the process of finding and hiring new employees, and involves attracting, selecting, and appointing candidates.
Onboarding is the process of integrating new employees into the company, and involves providing training, support, and resources.
A performance appraisal is an evaluation of an employee's job performance, and is used to provide feedback, set goals, and identify areas for development.
Employee engagement refers to the level of enthusiasm and commitment among employees, and is a key driver of business performance and success.

Globalization refers to the increasing interconnectedness of world economies, and involves the free flow of goods, services, and ideas across borders.
Exporting involves the sale of goods or services to another country, and requires compliance with international trade laws and regulations.
Importing involves the purchase of goods or services from another country, and can provide businesses with access to new markets and resources.
Trade barriers are restrictions or obstacles to international trade, and can include tariffs, quotas, and regulatory requirements.
Cultural competence is the ability to understand and adapt to different cultural norms, and is essential for businesses operating in international markets.

Assets are resources owned by a business, including cash, inventory, and equipment
Liabilities are debts or amounts owed by a business
Equity represents ownership interest in a business, including shareholder value
Revenue is income generated by a business through sales or other means
Expenses are costs incurred by a business, including salaries, materials, and rent

CEO (Chief Executive Officer) is the highest-ranking executive in a company
A manager is responsible for planning, organizing, and supervising a team or department
Stakeholders are individuals or groups with an interest in a company's success, including investors, employees, and customers
SWOT analysis is a strategic planning tool that examines a company's Strengths, Weaknesses, Opportunities, and Threats

A target market is a specific group of consumers identified as potential customers
The marketing mix combines product, price, promotion, and place (4 Ps) to reach target markets
A brand is a unique identity or image of a product or company
A competitive advantage is a unique benefit or feature that sets a company apart from competitors

Supply and demand are fundamental forces driving market prices and resource allocation
Inflation is a sustained increase in prices of goods and services over time
Trade involves the exchange of goods or services between businesses or countries
Globalization refers to the increasing interconnectedness of economies and businesses worldwide