Business Model Generation Flashcards
rationale (n)
the reasons or intentions that cause a particular set of beliefs or actions:
I don’t understand the rationale for these restrictions.
intuitively (adv)
in a way that is based on feelings rather than facts or proof:
I knew intuitively that something dreadful had happened to him.
viability (n)
ability to work as intended or to succeed:
Rising costs are threatening the viability of many businesses.
proposition (n)
an offer or suggestion, usually in business:
He wrote to me last week regarding a business proposition he thought might interest me.
distinct (a)
clearly noticeable; that certainly exists:
There’s a distinct smell of cigarettes in here.
comprise (v)
to have things or people as parts or members; to consist of:
The course comprises a class book, a practice book, and a CD.
interface (n)
- a connection between two pieces of electronic equipment, or between a person and a computer:
My computer has a network interface, which allows me to get to other computers.
- a situation, way, or place where two things come together and affect each other:
the interface between technology and tradition
phase (n)
any stage in a series of events or in a process of development:
The project is only in its initial phase as yet, but it’s looking quite promising.
distinguish (v)
to notice or understand the difference between two things, or to make one person or thing seem different from another:
He’s colour-blind and can’t distinguish (the difference) between red and green easily.
span (n)
- the period of time that sometimes exists or happens:
He has a short attention/concentration span.
- the length of something from one end to the other:
huge wings with a span of over a metre
margin (n)
the amount by which one thing is different from another:
The Senate approved the use of military force by a margin of 52 votes to 47.
revenue (n)
the income that a government or company receives regularly:
Taxes provide most of the government’s revenue.
purchase (v)
to buy something:
Tickets must be purchased two weeks in advance.
stream (n)
a continuous flow of things or people:
There has been a steady stream of phone calls from worried customers.
subtract (v)
to remove a number from another number:
Four subtracted from ten equals six.
bargain (v)
to try to make someone agree to give you something that is better for you, such as a better price or better working conditions:
Unions bargain with employers for better rates of pay each year.
yield management (nph)
a variable pricing strategy, based on understanding, anticipating and influencing consumer behavior in order to maximize revenue or profits from a fixed, time-limited resource (such as airline seats or hotel room reservations or advertising inventory).
recur (v)
to happen many times or to happen again:
The theme of freedom recurs throughout her writing.
derive (v)
to get something from something else:
The institute derives all its money from foreign investments.
lend (v)
to give something to someone for a short period of time, expecting it to be given back:
She doesn’t like lending her books.
usage (n)
the way a particular word in a language, or a language in general, is used:
a guide to common English usage
patent (n)
the official legal right to make or sell an invention for a particular number of years:
In 1880 Alexander Graham Bell was granted a patent on an apparatus for signalling and communicating called a Photophone.
intermediation (n)
the process by which money that has been invested in a bank, etc. is lent to people, companies, etc. who want to borrow it:
Our aim is to bring about enhanced financial intermediation through stable and sustainable interest rates.
bidding (n)
the act of offering to pay a particular amount of money for something, by different people:
Most of the bidding was done by phone.
