Intermediate Business English 2.0

Question 1

collaborate

Answer 1

to work jointly with others or together especially in an intellectual endeavor

Question 2

entrepreneur

Answer 2

one who organizes, manages, and assumes the risks of a business or enterprise

Question 3

start-up

Answer 3

the act or an instance of setting in operation or motion; a fledgling business enterprise

Question 4

multinational

Answer 4

having divisions in more than two countries

Question 5

disruption

Answer 5

a break or interruption in the normal course or continuation of some activity, process, etc.

Question 6

gig economy

Answer 6

economic activity that involves the use of temporary or freelance workers to perform jobs typically in the service sector

Question 7

diversification

Answer 7

the act or process of diversifying something or of becoming diversified : an increase in the variety or diversity of something; the act or practice of spreading investments among a variety of securities or classes of securities; the act or policy of increasing the variety of a company’s products

Question 8

freelance

Answer 8

not sponsored by or affiliated with an organization or authority

Question 9

revenue

Answer 9

the total income produced by a given source; the gross income returned by an investment

Question 10

sector

Answer 10

a sociological, economic, or political subdivision of society

Question 11

asset

Answer 11

an item of value owned

Question 12

board of directiors

Answer 12

a group of people who manage or direct a company or organization

Question 13

branding

Answer 13

the promoting of a product or service by identifying it with a particular brand

Question 14

liability

Answer 14

a disadvantage : drawback

Question 15

logistics

Answer 15

the handling of the details of an operation

Question 16

objective

Answer 16

something toward which effort is directed : an aim, goal, or end of action

Question 17

opportunity cost

Answer 17

the added cost of using resources (as for production or speculative investment) that is the difference between the actual value resulting from such use and that of an alternative (such as another use of the same resources or an investment of equal risk but greater return)

Question 18

outsourcing

Answer 18

o procure (something, such as some goods or services needed by a business or organization) from outside sources and especially from foreign or nonunion suppliers : to contract for work, jobs, etc., to be done by outside or foreign workers

Question 19

overhead

Answer 19

business expenses (such as rent, insurance, or heating) not chargeable to a particular part of the work or product

Question 20

profitability

Answer 20

affording profits : yielding advantageous returns or results

Question 21

shareholder

Answer 21

one that holds or owns a share in property

Question 22

stakeholder

Answer 22

one that has a stake in an enterprise; one who is involved in or affected by a course of action

Question 23

supply chain

Answer 23

the chain of processes, businesses, etc. by which a commodity is produced and distributed : the companies, materials, and systems involved in manufacturing and delivering goods

Question 24

telecommuting

Answer 24

to work at home by the use of an electronic linkup with a central office

Question 25

turnover

Answer 25

the amount of business done; a reorganization with a view to a shift in personnel : shake-up; the continuous process of loss and replacement of a constituent (such as employees) in a business

Question 26

unique selling position

Answer 26

the continuous process of loss and replacement of a constituent (such as employees) in a business living