Deck #3 - Business Terms

Question 1

diversify (v)

Answer 1

if a company or economy diversifies, it increases the range of goods or services it produces; to start to put your money into different types of investments in addition to the investments you already have

Question 2

downmarket (also downscale) (adv)

Answer 2

to start buying or selling cheaper goods or services

Question 3

dress code (n)

Answer 3

the way that you are expected to dress in a particular situation as an employee of a particular company etc

Question 4

drive (n)

Answer 4

someone’s energy, motivation, and ability to work hard; an effort to improve or increase the level of something

Question 5

drop (v)

Answer 5

to fall to a lower level or amount; to stop doing or planning something

Question 6

drop away/off (v)

Answer 6

to become lower in level or amount

Question 7

drop (n)

Answer 7

if there is a drop in the amount, level, or number of something, it goes down or becomes less

Question 8

dumping (n)

Answer 8

the activity of selling products in an export market cheaper than in the home market, or cheaper than they cost to make, usually in order to increase market share

Question 9

durable (adj)

Answer 9

if something is durable, it lasts a long time

Question 10

economies of scale (n)

Answer 10

the advantages that a bigger factory, shop etc has over a smaller one because it can spread its fixed costs over a larger number of unites and thus produce or sell things more cheaply

Question 11

economy drive (n)

Answer 11

a planned effort by an organization to reduce costs

Question 12

endorse (v)

Answer 12

if someone, usually famous, endorses a product, they say how good it is in advertisements. People will buy the product because they like or trust the person

Question 13

ethical (adj)

Answer 13

connected with principles of what is right and wrong; morally good or correct

Question 14

ethics (n)

Answer 14

moral rules or principles of behaviour that should guide members of a profession or organization and make them deal honestly and fairly with each other and with their customers

Question 15

etiquette (n)

Answer 15

the formal rules for polite behaviour

Question 16

expand (v)

Answer 16

to become larger in size, amount, or number, or to make something larger in size, amount, or number; if a company expands, it increases its sales, areas of activity etc

Question 17

extort (v)

Answer 17

to illegally force someone to give you money by threatening them

Question 18

facility (n)

Answer 18

a place or large building which is used to make or provide a particular product or service

Question 19

fake (adj)

Answer 19

made to look like something valuable or genuine in order to deceive people

Question 20

fake (n)

Answer 20

a copy of an original document, valuable object etc that is intended to deceive people into believing it is the real document, object etc

Question 21

fall (v)

Answer 21

to go down to a lower price, level, amount, etc

Question 22

fall (n)

Answer 22

a reduction in the amount, level, price etc of something; when a person or organization loses their position of power or becomes unsuccessful

Question 23

fiddle (n)

Answer 23

a dishonest way of getting money or not paying money; to be getting money dishonestly or illegally

Question 24

flaw (n)

Answer 24

a mistake or weakness in a machine, system etc that prevents it from working correctly; a mistake in an argument, plan, or set of ideas

Question 25

flexible (adj)

Answer 25

a person, plan etc that is flexible can change or be changed easily to suit any new situation; if arrangements for work are flexible, employers can ask workers to do different jobs, work part-time rather than full-time, give them contracts for short periods etc. Flexible working also includes job-sharing and working from home

Question 26

flexitime (also flextime) (n)

Answer 26

a system in which people who work in a company do a fixed number of hours each week, but can choose what time they start or finish work within certain limits

Question 27

flight of capital (also capital flight) (n)

Answer 27

when money is moved rapidly out of a country, usually because its economy is doing badly or there is political uncertainty

Question 28

fluctuate (v)

Answer 28

if prices, income, rates etc fluctuate, they change, increasing or falling often or regularly

Question 29

fluctuation (n)

Answer 29

the movement of prices, income, rates etc as they increase and fall

Question 30

focus (n)

Answer 30

when a company serves particular groups of customers in a market with particular needs, rather than serving the whole market