Business Flashcards

1
Q

To bring to sides into equilibrium

A

to balance the books

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2
Q

To not work for an employer, to work for your self

A

To be self -employed

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3
Q

To make a sales call to someone without asking them for permission first

A

To cold call

In this job, you have to be prepared to call cold

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4
Q

When one company lowers its prices forcing other companies to do the same, sometimes to a point where business becomes unprofitable.

A

cut throat competition

Many firms have fallen victim cut-throat competition

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5
Q

To do research into what potential customers would or wouldn’t buy

A

To do market research

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6
Q

To write a plan for a new business

A

To draw a business plan

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7
Q

To try to get customers

A

To drum up business

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8
Q

To earn money

A

To earn a living

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9
Q

When a business is forced to close because it is unsuccessful

A

To go bust

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10
Q

The money coming in and going out of a business

A

Cash flow

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11
Q

To going another person to start or expand a business

A

To go into business

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12
Q

To start your own business

A

To go into alone

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13
Q

To have a website or social media profile that showcases your business

A

To have a website

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14
Q

To start telling and promoting new product

A

To lunch a product

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15
Q

When a company ends a employees contract of employment

A

To lay someone off

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16
Q

A business that is set up to bring in a sufficient income and no more

A

Lifestyle business

17
Q

To earn more money that it cost to run the business

A

To make a profit

18
Q

A business that serves a small particular market

A

Miche business

19
Q

To have a business of your own

A

To run your own business

20
Q

A report off the income a company generates through sales of product or service

A

Sales figures

21
Q

To start a business

A

To set up a business

22
Q

Strong competition from other companies in the same areas of work

A

Stiff competition

23
Q

To employ people

A

To take an employees

24
Q

To borrow money

A

To take out a loan

25
Q

When a business gets legally binding work with an individual or company

A

To win a contract