Deck #3 - Business Terms Flashcards
consortium (n)
combination of several companies working together for a particular purpose, for example in order to buy something or build something
consumer behavior (n)
how, why, where, and when consumers buy things, and the study of this
controlling interest (n)
the situation where one shareholder owns enough shares to control a company
controlling shareholder (also majority shareholder) (n)
someone who owns more than half the shares in a company
copycat product
a product that copies a competitor’s idea for a product
core (adj) (also core business/activity/product)
the business, activity etc that makes most money for a company and that is considered to be its most important and central one
corrupt (adj)
using power in a dishonest or illegal way in order to get money or an advantage of some kind
corrupt (v)
to encourage someone to behave in an immoral or dishonest way
corruption (n)
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
counterfeit (adj)
made to look exactly like something else, usually illegally
counterfeit (v)
to copy something so that it looks like something else, usually ilegally
crash (n)
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
crash (v)
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
crisis (n)
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
culture (n)
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
customs (n)
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
deceit (n)
when someone tries to gain an advantage for themselves by tricking someone, for example by making a false statement
deceive (v)
to make someone believe something that is not true in order to get what you want
decline (v)
if an industry or country declines, it becomes less profitable, productive, wealthy etc; if sales, output, production etc decline, they become less
defect (n)
a fault or the lack of something that means that a product etc is not perfect
demand (n)
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
demerge (v)
if a company or unit demerges from a group, or if it is demerged, it becomes a separate company
deregulate (v)
if a government deregulates a particular business activity, it allows companies to operate more freely so as to increase competition
devious (adj)
using dishonest tricks and deceiving people to get what you want
differentiation (n)
when a company shows how its products are different from each other and from competing products, for example in its advertising
disclosure (n)
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
dismissal (n)
when someone is removed from their job by their employer
disposal (n)
the act of getting rid of something; an asset that is sold and the act of selling it
dispose (v)
if you dispose of something, you get rid of it; formal if a company disposes of a particular asset, activity etc, it sells it
distribution channel (also distribution chain) (n)
the way a product is made available and sold, the organizations involved etc
