Podcast
Questions and Answers
Which of the following describes a group of potential customers that share similar needs or interests?
Which of the following describes a group of potential customers that share similar needs or interests?
What term refers to the set of methods used to encourage demand for a product?
What term refers to the set of methods used to encourage demand for a product?
Which of the following terms specifically relates to an activity that attracts attention to a product?
Which of the following terms specifically relates to an activity that attracts attention to a product?
What is defined as the percentage of the market that a company controls?
What is defined as the percentage of the market that a company controls?
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Which term best describes information intended to make people notice a product but may not be planned by the company?
Which term best describes information intended to make people notice a product but may not be planned by the company?
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What does the term 'Liquidity' refer to in a financial context?
What does the term 'Liquidity' refer to in a financial context?
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Which of the following terms refers to equal opportunities for all?
Which of the following terms refers to equal opportunities for all?
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What is a 'Ballpark Figure' used to represent?
What is a 'Ballpark Figure' used to represent?
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What do equities represent in the context of finance?
What do equities represent in the context of finance?
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Which calculation would yield 'Net Profit'?
Which calculation would yield 'Net Profit'?
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What does the term 'Volatility' imply in a financial context?
What does the term 'Volatility' imply in a financial context?
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Which of the following best defines 'Oversight'?
Which of the following best defines 'Oversight'?
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What does the phrase 'Stickler for detail' describe?
What does the phrase 'Stickler for detail' describe?
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What is price leadership?
What is price leadership?
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What characterizes a niche market?
What characterizes a niche market?
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Which statement best describes added value?
Which statement best describes added value?
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What is the main focus of customer retention strategies?
What is the main focus of customer retention strategies?
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Which entity is primarily considered a wholesaler?
Which entity is primarily considered a wholesaler?
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How did Apple's design under Steve Jobs contribute to its success?
How did Apple's design under Steve Jobs contribute to its success?
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What best describes a domestic market?
What best describes a domestic market?
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Who are typically the customers targeted by a retailer?
Who are typically the customers targeted by a retailer?
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What is the meaning of 'authoritarian' in management styles?
What is the meaning of 'authoritarian' in management styles?
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When a company is described as 'democratic', what does this imply about its decision-making process?
When a company is described as 'democratic', what does this imply about its decision-making process?
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What does being 'proactive' involve in a workplace context?
What does being 'proactive' involve in a workplace context?
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Which of the following best describes the term 'coaching'?
Which of the following best describes the term 'coaching'?
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In a hierarchical organization, how are roles typically structured?
In a hierarchical organization, how are roles typically structured?
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What does it mean if someone is described as 'stressed' in a work environment?
What does it mean if someone is described as 'stressed' in a work environment?
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Which quality is depicted by someone who is 'conscientious'?
Which quality is depicted by someone who is 'conscientious'?
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What is meant by the term 'setback' in a business context?
What is meant by the term 'setback' in a business context?
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What is the significance of Milka's market share in Austria?
What is the significance of Milka's market share in Austria?
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What is the first step in successful customer retention?
What is the first step in successful customer retention?
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Why are snacks at cinemas typically considered price insensitive?
Why are snacks at cinemas typically considered price insensitive?
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What financial risk is associated with network marketing schemes?
What financial risk is associated with network marketing schemes?
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What has been the trend in sales over the past two years?
What has been the trend in sales over the past two years?
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What happened to profits as sales began to deteriorate?
What happened to profits as sales began to deteriorate?
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What does the term 'implications' refer to in the context of the sales and profit trends?
What does the term 'implications' refer to in the context of the sales and profit trends?
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What is likely to happen if no action is taken regarding the current market situation?
What is likely to happen if no action is taken regarding the current market situation?
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What is the primary responsibility of a team leader in the initial stages of a team's formation?
What is the primary responsibility of a team leader in the initial stages of a team's formation?
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What might team members prefer regarding the team's interaction with the leader?
What might team members prefer regarding the team's interaction with the leader?
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Which of the following pairs represents opposite concepts in terms of teamwork styles?
Which of the following pairs represents opposite concepts in terms of teamwork styles?
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Which term describes the action of taking money out of an account?
Which term describes the action of taking money out of an account?
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How is a salary typically different from a wage?
How is a salary typically different from a wage?
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What is the main difference between an invoice and a receipt?
What is the main difference between an invoice and a receipt?
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What occurs when a person defaults on a debt?
What occurs when a person defaults on a debt?
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Which of the following best describes a rebate?
Which of the following best describes a rebate?
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Study Notes
Vocabulary
- Backer: A financial supporter.
- Ballpark Figure: A rough estimate.
- Level Playing Field: Equal opportunities for all.
- ROI: Profit percentage from an investment.
- Yield: Earnings from an investment.
- Volatility: A situation in which conditions can change suddenly and without warning.
- Assets: The things that a company owns, e.g., property.
- Liquidity: A situation in which a business or person has money or goods that can be sold to pay debts.
- Equities: Shares in a company from which the owner receives some of the company's profits.
- Bonds: Official documents promising payment of borrowed money, often with interest.
- Conflicting: Opposing or contradictory.
- Delve into: To investigate thoroughly.
- Dug up: Found or revealed after searching.
- Fallacy: A mistaken belief or flawed reasoning.
- Fine-tooth comb: A tool or method for detailed examination.
- Oversight: A mistake due to carelessness or supervision.
- Reputable: Having a good reputation or trustworthy.
Report Structure
- Table of figures
- Executive summary: reviews table line by line, discusses impact on future investment plans, gives provisional budget forecast
Financial Calculations and Vocabulary
- Revenues – Cost of sales = Gross profit
- Gross profit – Operating expenses = Operating profit
- Operating profit – (Interest, Tax, Depreciation) = Net profit
- Variance = difference
- Budgeted = forecast = expected
- Revenues = turnover = income
- Expenses = costs
- Gross and net CapEx = capital expenditure
- OpEx = operating expenditure
Predictions and Vocabulary
- It might/may/could happen
- It is likely/expected/forecast to happen
- It is likely/probable that it will happen
- I expect...
- I am optimistic that
- reduce/raise sth
- decline
- drop
- be flat
- be unchanged
- be in line with
- vague language
- a little lower
- a small drop around 130
- considerably lower
- increase slightly
- less than half
- significantly higher
- slightly more
- substantially less
- as a result of
- because of
- due to
- result in
Business Terms
- Displace: Take the place or position of something or someone.
- Inject: Add excitement or interest.
- Abandon: Stop doing something.
- Reposition: Change a company's image.
- Consume: Buy and use goods.
- Mainstay: An important part of something.
- Lifespan: The period of time something exists.
- Agile: Able to change quickly.
- Dedicated: Made for one particular purpose.
- Business Landscape: The overall environment.
- Digital Transformation: Adopting digital technology.
- Disruptive Innovation: New technology changing industries.
- Established Companies: Long-standing businesses.
- Game Changers: People, products, or ideas that dramatically alter a situation or industry.
- Novel Approach: A new or unique method of solving a problem.
- Venture Fund: A pool of money for startups.
Sales and Marketing
- Brand loyalty: A long-term customer preference.
- Reward scheme: A system that gives incentives.
- Product differentiation: Marketing technique to highlight a product's differences.
- Client base: The regular customers of an organisation or professional person.
- Network marketing: Selling through linked agents.
- Brand awareness: Consumer recognition of a company or its products.
- Price-insensitive: Products/ services with constant sales regardless of price.
- Price leadership: Setting prices in a market.
- Target market: The people a company plans to sell to.
- Added value: Increasing the attractiveness of a product/service.
- Niche market: A small, specialized market.
- Domestic market: Internal market within a country.
- Retailer: Person/business selling goods to the public.
- Wholesaler: Buys goods in bulk and resells to Retailers.
- Customer retention: Activities to reduce customer defections.
Financial Trends and Analysis
- H&M: A clothing retailer.
- Amazon's Kindle: Initially targeted a niche market.
- Apple's design: High brand awareness.
- UNIQA's brand equity: Brand loyalty and awareness.
- Apple pricing: Price leadership in the smart phone market.
- Milka: Highest market share in its domestic market.
- Snack at cinemas: Price insensitive due to customers' habits.
- Network Marketing: Promotional schemes, sometimes with risks.
- Financial risk for sales representatives.
- Presenting trends: Grow or improve
- Fall or drop,etc.
- Slight increase/ flat,etc.
- Highly likely: almost certain
- Likely: good chance
- Might: 50/50 chance
- Unlikely: not much chance
- Highly unlikely: almost no way
Business Management and Qualities
- Authoritarian: Expecting/ requiring people to obey rules.
- Demanding: Requiring a lot of time and energy.
- Consensual: Agreement of most people.
- Coaching: Training and support for a specific task.
- Mentoring: Providing advice and guidance across a wider scope.
- Liaison: Exchange of information.
- Hierarchical: People/jobs divided into levels of importance.
Business Strategy
- **Proactive:**Taking action to avoid problems.
- **Conscientious:**Showing care and attention.
- Thorough: Including all details and avoiding mistakes.
- Determined: Wanting to do something and not being deterred.
- Setback: Obstacle delaying progress.
- **Stressed:**Feeling under pressure
- **Relaxed/calmed:**feeling less pressure
- **Supportive:**Helping others
- **Unsupportive:**Not helping others
- **Top-down/bottom-up:**Management styles
- Transparent: Clear and open
- Unclear: Not clear and open
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Description
Test your knowledge of essential financial vocabulary with this quiz. From understanding terms like 'ROI' to 'liquidity', challenge yourself to see how well you grasp these concepts. Perfect for students or anyone looking to improve their finance-related language skills!