Companies (General)

Question 1

to found/establish/set up a company

Answer 1

building own business

Question 2

Board of Directors

Answer 2

team that controls everything

Question 3

Non-Executive Director

Answer 3

part of board but not executive team

Question 4

Executive Director

Answer 4

has a say in day-to-day business

Question 5

Chairman/President

Answer 5

of the board, elected, not necessarily executive

Question 6

CEO/MD

Answer 6

Chief Executive Officer / Managing Director

executive, in charge of managing organization, 1st rank

Question 7

Headquarters/Head Office

Answer 7

premises serving as managerial & administrative center of organization

Question 8

Branch / Branch Office

Answer 8

outlet of organization that does not constitute separate legal entity but physically separated (=Filiale)

Question 9

AGM (Annual General Meeting)

Answer 9

yearly meeting for the members of the organization

Question 10

premises

Answer 10

building & land occupied by business

Question 11

production plant / facilities / factory

Answer 11

industry site - manufacturing goods

Question 12

production line

Answer 12

set of operations -> components assembled

Question 13

assembly line

Answer 13

assembly of company

Question 14

warehouse

Answer 14

storage of goods

Question 15

key / core competencies

Answer 15

specific qualities that company’s recruiters consider desirable for employees to possess

Question 16

non-core activities

Answer 16

make business run without being directly related to end product

Question 17

core activities

Answer 17

strategic tasks that improve customer value and drive profits

Question 18

product portfolio

Answer 18

collection of all products & services offered by company

Question 19

product range

Answer 19

set of variations on specific product to appeal to different market segments

Question 20

product line

Answer 20

group of related products all under single brand name

Question 21

state of the art / cutting edge

Answer 21

highest level of general development

Question 22

outdated / obsolete

Answer 22

no longer current

Question 23

department

Answer 23

part of company that deals with particular area of work

Question 24

purchasing

Answer 24

activity of buying supplies

Question 25

procurement

Answer 25

act of obtaining goods & services

Question 26

supply management / logistics

Answer 26

identifying, acquiring & managing the resources & supplies that are essential

Question 27

supply chain (management)

Answer 27

network of all individuals, resources, activities etc. involved in creation and sale of product

Question 28

Human Resources / personnel

Answer 28

set of individuals who make up workforce

Question 29

after-sales service

Answer 29

help and information provided to customers after buying

Question 30

maintenance

Answer 30

work needed to keep machinery etc. in good conditions

Question 31

domestic sales

Answer 31

exchange of domestic goods within boundaries of a country

Question 32

international sales

Answer 32

trade between buyer & seller across international boundaries

Question 33

Marketing

Answer 33

action of promoting and selling products or services

Question 34

Public Relations

Answer 34

practice of managing the spread of information between an individual or organization & the public

Question 35

R&D (Research and Development)

Answer 35

work directed towards innovation, introduction & improvement of products & processes