Companies (General) Flashcards
to found/establish/set up a company
building own business
Board of Directors
team that controls everything
Non-Executive Director
part of board but not executive team
Executive Director
has a say in day-to-day business
Chairman/President
of the board, elected, not necessarily executive
CEO/MD
Chief Executive Officer / Managing Director
executive, in charge of managing organization, 1st rank
Headquarters/Head Office
premises serving as managerial & administrative center of organization
Branch / Branch Office
outlet of organization that does not constitute separate legal entity but physically separated (=Filiale)
AGM (Annual General Meeting)
yearly meeting for the members of the organization
premises
building & land occupied by business
production plant / facilities / factory
industry site - manufacturing goods
production line
set of operations -> components assembled
assembly line
assembly of company
warehouse
storage of goods
key / core competencies
specific qualities that company’s recruiters consider desirable for employees to possess
non-core activities
make business run without being directly related to end product
core activities
strategic tasks that improve customer value and drive profits
product portfolio
collection of all products & services offered by company
product range
set of variations on specific product to appeal to different market segments
product line
group of related products all under single brand name
state of the art / cutting edge
highest level of general development
outdated / obsolete
no longer current
department
part of company that deals with particular area of work
purchasing
activity of buying supplies
