Deck #2 - Business Terms Flashcards

1
Q

board (n)

A

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

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2
Q

bonus (n)

A

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

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3
Q

boom (n)

A

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

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4
Q

boom (v)

A

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

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5
Q

brand (n)

A

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

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6
Q

brand (v)

A

to give a name to a product or group of products

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7
Q

branded (adj)

A

branded goods or products have brand names

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8
Q

branding (n)

A

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

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9
Q

brand leader (n)

A

the brand with the most sales in a particular market

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10
Q

brand loyalty (n)

A

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

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11
Q

brand manager (n)

A

someone in a company responsible for developing a brand

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12
Q

brand stretching (n)

A

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

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13
Q

bribe (n)

A

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

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14
Q

bribe (v)

A

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

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15
Q

bribery (n)

A

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

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16
Q

broke (n)

A

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

17
Q

bureaucracy (n)

A

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

18
Q

buyout (n)

A

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

19
Q

cashflow (also cash flow) (n)

A

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

20
Q

cash generation (n)

A

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

21
Q

chair (n)

A

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

22
Q

Chief Executive Officer (CEO) (n).

A

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

23
Q

clock (v)

A

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

24
Q

collapse (v)

A

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

25
commission (n)
an amount of money paid to someone according to the value of goods, services, investments etc they have sold
26
compensation (n)
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
27
competitive advantage (n)
something that helps you to be better or more successful than others
28
concept (n)
an idea for a product, business, etc
29
conman (n)
someone who tries to get money from people by tricking them