the business world Flashcards
to face the axe
to get fired: all staff have been warned that they face the axe should productivity not improve, and that no one is exempt from having to up their perfomance
float on the stock exchange
to sell shares on a stock market in order to finance a new company: rumours abound that he is about to float on the stock exchange
companies merge
to join together: there’s talk of the two companies merging and it is believed that they would benefit significantly from synergy were this to happen
embark on
a hostile takeover bid
completely
by a great amount
well and truly
by far and away
facilitate
an easy transition
the current structure does not facilitate efficient work flow/to facilitate learning
issue an unexpected profit warning
to warn shareholders that profits are going to be low
to engage in panic-selling as a consequence
to end a business
to wind up
operate as a going concern
to run a business successfully
run a tight ship
alliance
to form/forge an alliance
be at loggerheads
to disagree over smth
motion
a formal suggestion made and voted on at a meeting (at a committee)
introduce/make/propose/put forward a motion (to), pass/approve/ carry a motion, defeat/reject a motion, vote for/in favour of/against a motion
put forward a motion of no confidence in
to strip the assets
to sell the assets of a company
to audit the books/accounts
to conduct an official financial inspection of a company’s books
to conduct/undertake an audit (undertake an audit of staff performance/be subject to audit and inspection)
to falsify data and figures in a dishonest way
to fiddle the accounts/books
to plan how much money you’ll spend on smth
budget
draw up a budget/within a budget/to remain within your budget/budgeted(for)/on a budget/cuts in the budget/cut/reduce/increase a budget
to budget for an additional expenditure
provide a company with money by seeking investors
recapitalise a firm
cost
cut/reduce costs, at great personal cost, to smn’ cost, at the cost of, at cost, at any cost, estimated costs, cover the cost of , considerable/enormous cost, cost in time and effort, at a cost to, to introduce cost-cutting measures
warn smn
put smn on notice (that)
overrun
an overrun of, face budget overruns, spending overruns considerably, overrun by(minutes), overrun your budget
reduction in the estimated value of an asset and other way around
write-down
to write down a company’s value
write-up
Companies should allocate a specific value to intangible assets rather than just being able to write them up as goodwill.
a significant write-up of assets( also: to write smth up- to complete writing or recording smth using your notes: to write up a report /write up your notes/ article in a magazine : to get a good write-up in a newspaper)
to have no profit or loss
break even
to call a meeting
to convene a meeting , also to convene a conference/committee
a council convenes (assemble)
an examination of smn’s credit history by a financial organization
credit check
to conduct/run/do a credit check on smn
ex. legally, employers must have written permission from applicants to do a credit check
a sudden sharp reduction in the availability of money, recession
credit crunch
when economic activity does down, increases, and then goes down again
known as negative growth
double-dip recession
a small business run from home
cottage industry
to grow your business from being a cottage industry to become an international power house
to succeed in a company
to climb/move up a corporate ladder, reach the top of the corporate ladder
amount of money moving in and out of business
cash flow
strong/weak/healthy cash flow
a high-yield, high-risk bond
junk bond
the people in a factory who make the products
factory floor - staff on the production line
word on the factory floor is
to compete in a ruthless and often unfair way
cut-throat business
when you doble-cross smn
a plan of how smn will end smth such as a business deal
exit strategy
to develop/have an exit strategy
false bottom
when a stock briefly rallies and then plummets to new lows
an association of several business companies that have joined together to work on a project
consortium
to form/join a consortium
a consortium of investors launching a takeover bid
to consort - to associate with smn usually with the disapproval of others
a large corporation formed by the mergin of separate and diverse firms
conglomerate
a huge/financial conglomerate
from conglomeration- a large group of different things gathered together : a conglomeration of
a group of representatives and envoys
delegate> delegation
also: to give a job or duty to smn: to delegate responsibilities to your staff/ authority to make decisions has been delegated to a special committee
to ask for money/help/information, etc
solicit
to solicit donations for a charity, to solicit smth from smn, to solicit smn’s views/opinions
unsolicited(bid/call)
to discover
ascertain
to ascertain whether, to ascertain the cause of
the extent to which a product is recognized and bought by customers in a particular trade
market penetration
to enhance/gain/increase market penetration, high/small/significant market penetration
the level of market penetration
make progress
make inroads(in/into) make steady inroads