Deck #3 - Business Terms Flashcards

1
Q

consortium (n)

A

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

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2
Q

consumer behavior (n)

A

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

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3
Q

controlling interest (n)

A

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

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4
Q

controlling shareholder (also majority shareholder) (n)

A

someone who owns more than half the shares in a company

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5
Q

copycat product

A

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

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6
Q

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

A

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

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7
Q

corrupt (adj)

A

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

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8
Q

corrupt (v)

A

to encourage someone to behave in an immoral or dishonest way

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9
Q

corruption (n)

A

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

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10
Q

counterfeit (adj)

A

made to look exactly like something else, usually illegally

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11
Q

counterfeit (v)

A

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

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12
Q

crash (n)

A

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

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13
Q

crash (v)

A

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

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14
Q

crisis (n)

A

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

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15
Q

culture (n)

A

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

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16
Q

customs (n)

A

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

17
Q

deceit (n)

A

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

18
Q

deceive (v)

A

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

19
Q

decline (v)

A

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

20
Q

defect (n)

A

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

21
Q

demand (n)

A

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

22
Q

demerge (v)

A

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

23
Q

deregulate (v)

A

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

24
Q

devious (adj)

A

using dishonest tricks and deceiving people to get what you want

25
differentiation (n)
when a company shows how its products are different from each other and from competing products, for example in its advertising
26
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
27
dismissal (n)
when someone is removed from their job by their employer
28
disposal (n)
the act of getting rid of something; an asset that is sold and the act of selling it
29
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
30
distribution channel (also distribution chain) (n)
the way a product is made available and sold, the organizations involved etc