Business Flashcards
fair-trade products
consumerism
Def: the belief that it is good for a society or an individual person to buy and use a large quantity of goods and services
She was appalled by the greed and rampant consumerism she saw in modern society.
State boundaries matter little in an age of global consumerism and investment.
Ref: https://www.oxfordlearnersdictionaries.com/definition/english/consumerism?q=consumerism
taxation
tax implications/liability
incentive
Def: something that encourages a person to do something
There is no incentive for people to save fuel.
Tax incentives have been very effective in encouraging people to save and invest more of their income.
There is an added incentive for you to buy from our catalogue—a free gift with every purchase.
Ref: https://dictionary.cambridge.org/dictionary/english/incentive
competent
Def: able to do something well
I wouldn’t say he was brilliant but he is competent at his job.
Make sure the firm is competent to carry out the work
I don’t feel competent to comment.
Ref: https://dictionary.cambridge.org/dictionary/english/competent
mediocre performance
Def: not very good
The film’s plot is predictable and the acting is mediocre.
Parents don’t want their children going to mediocre schools.
I thought the play was only mediocre.
Ref: https://dictionary.cambridge.org/dictionary/english/mediocre?q=mediocre+
stale ideas
Def: no longer new or fresh
Businesses operating on stale ideas seldom turn profitable.
Ref: https://dictionary.cambridge.org/dictionary/english/stale?q=stale+
uninventive
Def: not showing creativity or original thought
the oils were sensitively painted but uninventive in design
Ref: Google
