Deck #3 - Business Terms

Question 1

consortium (n)

Answer 1

combination of several companies working together for a particular purpose, for example in order to buy something or build something

Question 2

consumer behavior (n)

Answer 2

how, why, where, and when consumers buy things, and the study of this

Question 3

controlling interest (n)

Answer 3

the situation where one shareholder owns enough shares to control a company

Question 4

controlling shareholder (also majority shareholder) (n)

Answer 4

someone who owns more than half the shares in a company

Question 5

copycat product

Answer 5

a product that copies a competitor’s idea for a product

Question 6

core (adj) (also core business/activity/product)

Answer 6

the business, activity etc that makes most money for a company and that is considered to be its most important and central one

Question 7

corrupt (adj)

Answer 7

using power in a dishonest or illegal way in order to get money or an advantage of some kind

Question 8

corrupt (v)

Answer 8

to encourage someone to behave in an immoral or dishonest way

Question 9

corruption (n)

Answer 9

the crime of giving or receiving money, gifts, a better job etc in exchange for doing something dishonest or illegal that helps another person or company; when someone who has power or authority uses it in a dishonest or illegal way to get money or an advantage

Question 10

counterfeit (adj)

Answer 10

made to look exactly like something else, usually illegally

Question 11

counterfeit (v)

Answer 11

to copy something so that it looks like something else, usually ilegally

Question 12

crash (n)

Answer 12

a time when many investments lose their value very quickly, usually when investors lose confidence in the market and sell; an occasion when a computer or computer software suddenly and unexpectedly stops working or fails to work properly

Question 13

crash (v)

Answer 13

if stockmarkets, shares etc crash, they suddenly lose a lot of value; if a computer crashes, or if you crash a computer, it suddenly and unexpectedly stops working

Question 14

crisis (n)

Answer 14

a period or moment of great difficulty, danger, or uncertainty, especially in politics or economics; a time when a personal problem or situation has reached its worst point

Question 15

culture (n)

Answer 15

the ideas, beliefs, and customs that are shared and accepted by people in a society; the attitudes or beliefs that are shared by a particular group of people or in a particular organization

Question 16

customs (n)

Answer 16

the government department responsible for collecting the tax on goods that have been brought into the country and making sure that illegal goods are not imported or exported

Question 17

deceit (n)

Answer 17

when someone tries to gain an advantage for themselves by tricking someone, for example by making a false statement

Question 18

deceive (v)

Answer 18

to make someone believe something that is not true in order to get what you want

Question 19

decline (v)

Answer 19

if an industry or country declines, it becomes less profitable, productive, wealthy etc; if sales, output, production etc decline, they become less

Question 20

defect (n)

Answer 20

a fault or the lack of something that means that a product etc is not perfect

Question 21

demand (n)

Answer 21

spending on goods and services by companies an people in a particular economy; the total amount of a type of goods or services that people or companies buy in a particular period; the total amount of a type of goods or services that people or companies would buy if they were available

Question 22

demerge (v)

Answer 22

if a company or unit demerges from a group, or if it is demerged, it becomes a separate company

Question 23

deregulate (v)

Answer 23

if a government deregulates a particular business activity, it allows companies to operate more freely so as to increase competition

Question 24

devious (adj)

Answer 24

using dishonest tricks and deceiving people to get what you want

Question 25

differentiation (n)

Answer 25

when a company shows how its products are different from each other and from competing products, for example in its advertising

Question 26

disclosure (n)

Answer 26

the duty of someone in a professional position to inform customers, shareholders etc about facts that will influence their decisions; the act of giving information about someone by an organization or person who would normally have to keep that information secret, for example when a bank gives information about customer’s accounts to the police; a fact which is made known after being kept secret

Question 27

dismissal (n)

Answer 27

when someone is removed from their job by their employer

Question 28

disposal (n)

Answer 28

the act of getting rid of something; an asset that is sold and the act of selling it

Question 29

dispose (v)

Answer 29

if you dispose of something, you get rid of it; formal if a company disposes of a particular asset, activity etc, it sells it

Question 30

distribution channel (also distribution chain) (n)

Answer 30

the way a product is made available and sold, the organizations involved etc