Business Vocab Fundamentals & Corporate Language

Basic Business Terms To Expand Your Understanding Of The World Of Business

Entrepreneur

Someone who creates and operates a business.

Enterprise

A business or commercial organization.

Corporation

A legally recognized business entity.

Subsidiary

A company controlled by another company.

Conglomerate

A large company owning businesses in different industries.

Stakeholder

Anyone affected by or interested in a business.

Shareholder

Someone who owns shares in a company.

Executive

A senior-level business decision-maker.

CEO

Chief Executive Officer; the highest-ranking executive.

COO

Chief Operating Officer; oversees daily operations.

CFO

Chief Financial Officer; oversees company finances.

Board of Directors

Group responsible for corporate oversight and governance

Governance

The system used to direct and control an organization.

Infrastructure

The systems and resources supporting business operations.

Operations

The daily activities required to run a business.

Scalability

The ability to grow without costs increasing at the same rate.

Diversification

Expanding into different products, services, or markets.

Acquisition

Purchasing another business or its assets.

Merger

Combining two businesses into one organization

Venture

A business undertaking involving risk.