Chapter 3 Flashcards

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1
Q

aircraft

A

n. an airplane, helicopter, etc

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2
Q

announce

A

vt. officially tell something to a (large) group of people

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3
Q

airline

A

n. the company that runs flights, e.g. China Southern. NOT the route that the plane flies

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4
Q

budget airline

A

n. a low-cost, low-services airline

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5
Q

“a dedicated service”

A

a service specially for this one purpose

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6
Q

business partner

A

n. person or company that you officially work with

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7
Q

commitment

A

n. something that you have agreed to do and cannot easily change

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8
Q

contract

A

n. a legal document that lists your commitments and responsibilities

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9
Q

core business

A

n. the main, most important services that a company provides

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10
Q

decrease

A

vi. become smaller (pop. of increase)

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11
Q

delegate

A

vt. give a task that you should do to someone (usually under your management) to do

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12
Q

“a fast-growing market”

A

the number of potential customers is increasing quickly

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13
Q

“a solid reputation”

A

a good and consistent reputation

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14
Q

device

A

n. small simple machine, such as a mobile phone

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15
Q

distribute

A

vt. give copies of something to many people

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16
Q

dramatically

A

adv. (of a change) large and sudden

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17
Q

“be keen on”

A

to like (an idea, activity)

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18
Q

entrepreneur

A

n. person who starts their own business

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19
Q

expand

A

v. make (business, market, range of services) bigger

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20
Q

fleet

A

n. the group of vehicles (cars, trucks, airplanes etc) that a company owns

21
Q

franchise

A

n. a shop (such as KFC) where you have to buy the rights from the parent company to run it

22
Q

freelancer

A

n. person who sells their services to companies rather than working for one company, such as magazine/newspaper writer, graphic designer, advertising designer

23
Q

gist

A

n. ‘the gist’ is the general idea of something, without the details

24
Q

“consolidate one’s leading position”

A

make your position as leading company stronger

25
Q

“go public”

A

announce something publicly OR start selling your company’s shares publicly

26
Q

level off

A

vi. (of change) stop increasing (or decreasing) and remain steady

27
Q

“meet sb’s needs”

A

provide people with what they need

28
Q

merge

A

vi. (of two companies, departments) join together and become one

29
Q

negotiate

A

vi. to discuss in order to reach an agreement

30
Q

“double one’s client base”

A

double one’s number of clients

31
Q

non-profit organisation

A

n. NGO; organisation whose aim (unlike a business’) is not making money. Charities are an example of NGOs

32
Q

organic

A

adj. (of food etc) grown without using man-made pesticide, fertiliser etc

33
Q

perfromance

A

n. how well one does something

34
Q

press release

A

n. official announcement to newspapers, news agencies etc from a company about something

35
Q

“give excellent returns to one’s investors”

A

make a good profit for the investors

36
Q

“in this respect”

A

in this way, from this point of view

37
Q

“on schedule”

A

on time

38
Q

self-employed

A

adj. directly selling your services to the public rather than employed by a company.

39
Q

sole trader

A

n. a business owned and run entirely by one person

40
Q

partnership

A

n. a business owned by at least two people

41
Q

staff

A

n. all the workers of a company. CANNOT be used for one worker e.g. “a staff”

42
Q

takings

A

n. the amount money earned by a business

43
Q

turnover

A

n. the amount of money earned by a business OR the rate that employees leave a company

44
Q

unique

A

adj. different to everything else

45
Q

workforce

A

n. people who work, either for a company, in a country/area, or in a kind of business

46
Q

worldwide

A

adj. global, all over the world

47
Q

international

A

adj. in more than one country. NOT global

48
Q

“take delivery of”

A

receive goods

49
Q

“within budget”

A

not spending more money than planned