Deck #3 - Business Terms Flashcards
diversify (v)
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
downmarket (also downscale) (adv)
to start buying or selling cheaper goods or services
dress code (n)
the way that you are expected to dress in a particular situation as an employee of a particular company etc
drive (n)
someone’s energy, motivation, and ability to work hard; an effort to improve or increase the level of something
drop (v)
to fall to a lower level or amount; to stop doing or planning something
drop away/off (v)
to become lower in level or amount
drop (n)
if there is a drop in the amount, level, or number of something, it goes down or becomes less
dumping (n)
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
durable (adj)
if something is durable, it lasts a long time
economies of scale (n)
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
economy drive (n)
a planned effort by an organization to reduce costs
endorse (v)
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
ethical (adj)
connected with principles of what is right and wrong; morally good or correct
ethics (n)
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
etiquette (n)
the formal rules for polite behaviour
expand (v)
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
extort (v)
to illegally force someone to give you money by threatening them
facility (n)
a place or large building which is used to make or provide a particular product or service
fake (adj)
made to look like something valuable or genuine in order to deceive people
fake (n)
a copy of an original document, valuable object etc that is intended to deceive people into believing it is the real document, object etc
fall (v)
to go down to a lower price, level, amount, etc
fall (n)
a reduction in the amount, level, price etc of something; when a person or organization loses their position of power or becomes unsuccessful
fiddle (n)
a dishonest way of getting money or not paying money; to be getting money dishonestly or illegally
flaw (n)
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
