1 Flashcards
Immediate superior
the person directly above you = someone who has a higher rank or position than you
To report to = subordinate
to be responsible to someone at work and be managed by them = to put someone or something in a less important position
Early retirement
retired at an earlier age than usual (when you stop working, usually because of your age)
Redeployment
to move someone to a different job inside the company
Margin
Margin the difference between price and production cost
Front end fee
payment for franchise agreement
Policy/policies
a course of action that has been officially agreed and chosen by a company/ a plan and ideas as a part or course of action
Core business activity
main business
Payroll
the total amount of wages paid to all the people working in a particular company or industry
Value
the amount of money that something is worth
Trade liberalization
Occurs when either the barriers or restrictions on free tradebetween countries are reduced or removed
Common household name
usual, common for everyone
Globalization of taste
the process of making tastes operate in a lot of different countries all around the world
Annual sales
the quantities of the goods which realized by the company in the course of year
Quadruple the number of customers
to increase and become four times big
