Deck #6 - Business Terms Flashcards
market leader (n)
an organization or product that has the highest sales, or one of the highest sales, in its market or industry
market nicher (n)
a product or service sold in a niche market (a market for a product or service, perhaps an expensive or unusual one, that does not have many buyers) or the company that sells it
merchandise (n)
goods that are produced in order to be sold, especially goods that are sold in a store
merge (v)
if two or more companies, organizations etc merge, or if they are merged, they join together
merger (n)
an occasion when two or more companies, organizations etc join together to form a larger company etc
middleman (n)
a person, business, organization etc that boys things in order to sell them to someone else, or that helps to arrange business deals for other people
mission statement (n)
a short written statement made by an organization, intended to communicate its aims to customers, employees, shareholders etc
model (n)
a particular type or design of a vehicle or machine; a simple description or structure that is used to help people understand similar systems or structures; the way in which something is done by a particular country, person etc that can be copied by others who want similar results
morale (n)
the level of confidence and positive feelings among a group of people who work together
motivate (v)
to encourage someone and make them want to achieve something and be willing to work hard in order to do it; to provide the reason why someone does something
motivated (adj)
very keen to do something or achieve something, especially because you find it interesting or exciting
motivation (n)
eagerness and willingness to do something without needing to be told or forced to do it; the reason why you want to do something
nepotism (n)
the practice of giving jobs to members of your family when you are in a position of power
niche market (n)
a market for a product or service, perhaps an expensive or unusual one that does not have many buyers but that may be profitable for companies who sell it
open-plan office (n)
open-plan offices do not have walls dividing them into separate rooms
optimize (v)
to make the best possible use of something or to do something in the best possible way
overtime (n)
time that you spend working in your job in addition to your normal working hours; time that a factory, office etc is operating in addition to its normal hours; the money that you are paid for working more hours than usual
partner (n)
a company that works with another company in a particular activity, or invests in the same activity; someone who starts a new business with someone else by investing in it; a member of certain types of business or professional groups, for example partnerships of lawyers, architects etc
economic partner (also trade partner)
a country that invests in another or is invested in by another, or that trades with another
partnership (n)
a relationship between two people, organizations or countries that work together; the situation of working together in business; a business organization made up of a group of accountants, lawyers etc who work together, or of a group of investors
patent (n)
an legal document giving a person or company the right to make or sell a new invention, product, or method of doing something and stating that no other person or company is allowed to do this
patent (v)
to obtain a patent, protecting the rights to make or sell a new invention, product or method of doing something patented
peak (n)
the time when prices, shares etc have reached their highest point or level
peak (adj)
the highest level, etc something reaches
peak (v)
to reach the highest point or level
phone rage
angry behaviour on the telephone by people who are not satisfied with the service they are receiving etc
pioneer (n)
the first person or organization to do something that other people and organizations will later develop or continue to do
plummet (v)
to suddenly and quickly go down in value or amount
point-of-sale advertising (n)
advertising for a product in places where it is sold
prime time (n)
the time in the evening when most people are watching television, and the cost of advertising is at its most expensive
