Deck #2 - Business Terms

Question 1

board (n)

Answer 1

the group of people who have been elected by shareholders to manage a company

Question 2

bonus (n)

Answer 2

an extra amount money added to an employee’s wages, usually as a reward for doing difficult work or for doing their work well.

Question 3

boom (n)

Answer 3

a time when business activity increases rapidly, so that the demand for goods increases, prices and wages go up, and unemployment falls

Question 4

boom (v)

Answer 4

if business, trade, or the economy is booming, it is very successful and growing

Question 5

brand (n)

Answer 5

a name given to a product or group of products by a company for easy recognition

Question 6

brand (v)

Answer 6

to give a name to a product or group of products

Question 7

branded (adj)

Answer 7

branded goods or products have brand names

Question 8

branding (n)

Answer 8

the activity of giving brand names to products, developing people’s awareness of them etc.

Question 9

brand leader (n)

Answer 9

the brand with the most sales in a particular market

Question 10

brand loyalty (n)

Answer 10

the degree to which people buy a particular brand and refuse to change to other brands

Question 11

brand manager (n)

Answer 11

someone in a company responsible for developing a brand

Question 12

brand stretching (n)

Answer 12

when a company starts to use an exiting brand name on a different type of product, hoping that people will buy it because they recognize the name

Question 13

bribe (n)

Answer 13

money that is paid secretly and dishonestly to obtain someone’s help

Question 14

bribe (v)

Answer 14

to honestly giving money to someone to persuade them to do something to help you

Question 15

bribery (n)

Answer 15

dishonestly giving money to someone to persuade them to do something to help you

Question 16

broke (n)

Answer 16

a person or organization whose job is to buy and sell shares, currencies, property, insurance etc. for others.

Question 17

bureaucracy (n)

Answer 17

a system of governing that has a large number of departments and officials

Question 18

buyout (n)

Answer 18

the act of buying a business or all the shares in a company of a particular shareholder

Question 19

cashflow (also cash flow) (n)

Answer 19

the amounts of money coming into and going out of a company, and the timing of these

Question 20

cash generation (n)

Answer 20

money that a company gets from sales after costs are taken away. Cash generation is often used in talking about the degree to which the company is able to do this

Question 21

chair (n)

Answer 21

the position of being the chairman of a company or organization or the person who is chairman; the position of being in charge of a meeting or the person who is in charge of it

Question 22

Chief Executive Officer (CEO) (n).

Answer 22

the manager with the most authority in the day to day management of a company, especially in the US

Question 23

clock (v)

Answer 23

to record on a special card or computer the time you arrive at or begin work (clock in/out; clock off/on)

Question 24

collapse (v)

Answer 24

if a company, organization or system collapses, it suddenly fails or becomes too weak to continue

Question 25

commission (n)

Answer 25

an amount of money paid to someone according to the value of goods, services, investments etc they have sold

Question 26

compensation (n)

Answer 26

an amount paid to someone because they have been hurt or harmed in some way; the total of pay and benefits for an employee, especially a high-level manager

Question 27

competitive advantage (n)

Answer 27

something that helps you to be better or more successful than others

Question 28

concept (n)

Answer 28

an idea for a product, business, etc

Question 29

conman (n)

Answer 29

someone who tries to get money from people by tricking them