ET Product/ Business/ Job Flashcards
mass production
the process of producing large quantities of goods by using machines
a commodity
something that can be bought and sold
merchandise
goods that people buy and sell
service-oriented
mainly concerned with meeting customers’ needs
aspects of production
features of production
the cost of labour
the cost of the workers in a particular company
to be exported
(of a product) to be sent to another country so that it can be sold there
to launch a product
to start selling a product to the public
sales figures
sales numbers
to do market research
to collect information about what products people like to buy
stiff competition
severe competitors
to drum up some business
to try to make people buy something from you
a niche market
the part of an industry that sells a particular type of product or service to the small number of customers who want it
to run a business
to have a business
cost-cutting
actions takes to reduce the costs of a business
to try the hard sell
to attempt to sell sth by being very forceful
brand loyalty
confidence in the particular make and a tendency always to choose it
to strike while the iron is hot
to take advantage of an opportunity before the situation changes
up and running
working effectively
a golden opportunity
a very good chance to achieve something
the black market
an illegal trade
to stay within the budget
do not exceed money available to spend
to mount a challenge
to prepare for a challenge
a shareholder
sb who own shares in a company
a dividend
a share of the profits of a company, paid once or twice a year to the people who own the company’s shares
to clinch the deal
to manage to win a deal
mergers and acquisitions
the department in a company that is responsible for taking over other businesses
to go under
to fail completely and stop operating
an investor
a person that invests money
to underpin sth
to be an important basic part of something, allowing it to succeed