Expanding your vocabulary related to business is essential for effective communication in professional environments.
Let’s explore key terms associated with various aspects of business.
Business vocabulary
- Entrepreneur: An individual who starts and operates a business, taking on financial risks in the hope of profit.
- Startup: A newly established business, typically characterized by innovation and a focus on scalability.
- Profit: The financial gain resulting from the difference between revenue and expenses.
- Loss: The financial deficit resulting from expenses exceeding revenue.
- Revenue: The total income generated by a business through its primary operations.
- Expenses: The costs incurred by a business in its effort to generate revenue.
- Investment: The allocation of money with the expectation of future income or profit.
- Return On Investment (ROI): A performance measure used to evaluate the efficiency or profitability of an investment.
- Market: The total potential for a product or service in a specific audience or industry.
- Supply Chain: The sequence of processes involved in the production and distribution of a commodity.
- Marketing: The activities associated with promoting and selling products or services.
- Brand: A distinctive name, design, symbol, or combination that identifies a product or company.
- Customer: A person or organization that buys goods or services from a business.
- Client: A person or organization using the services or advice of a professional or company.
- Contract: A legally binding agreement between two or more parties.
- Negotiation: Discussion aimed at reaching an agreement.
- Networking: The action or process of interacting with others to exchange information and develop professional or social contacts.
- Innovation: The introduction of new ideas, methods, or products.
- Strategy: A plan of action designed to achieve a particular goal.
- E-commerce: Commercial transactions conducted electronically on the Internet.
By incorporating these business-related terms into your vocabulary, you’ll enhance your ability to discuss various aspects of the business world. Practice using these words in sentences to reinforce your language skills and engage in professional conversations. Stay tuned for more vocabulary lessons on our language-learning journey!
