IELTS: Intermediate Business Vocabulary Set 1

call centre

(noun) A centralised office responsible for phone support, typically with current and potential customers.

coordination

(noun) The act of overseeing and managing different parts of the same organisation, so they work efficiently and effectively towards the same goal.

cost effective

(adjective) Producing desirable results without using too much money; good value.

departmental

(adjective) Having to do with a department or section.

employment

(noun) A term used to describe one's work for which they are compensated for.

enterprise

(noun) A term for an established business or a company, a profitable organisation.

exploitation

(noun) The act of using a resource for own benefit.

exporter

(noun) A company, organisation, or country that sells a product or resource to another country.

flood the market

(idiom/phrase) To overproduce and sell at such a quantity that the price of the product drops.

found

(verb) To establish a company.

human resources

(noun) A business's department in charge of recruiting, training, managing, and supporting employees.

innovation

(noun) Introducing a new idea, method, or custom in something.

manufacture

(verb) To produce a finished product, or material that can be used for other products.

merger

(noun) The combination of two or more formerly separate companies.

organisation

(noun) An officially regulated group of people that has a common purpose.

sale

(noun) Selling/exchange of goods or services for money.

sell

(verb) To convince someone to buy something.

sponsor

(noun) A person or company that finances an event in exchange for advertising.

the executive

(idiom/phrase) A professional who holds a high position at a company or institution.

unemployment

(noun) To be out of work. To not have a job.

coordination

Which word has the following synonyms?

engineering, planning, organisation

cost effective

Which word has the following synonyms?

profitable, practical, prudent, beneficial, lucrative, rewarding

departmental

Which word has the following synonyms?

bureaucratic, administrative

employment

Which word has the following synonyms?

bussines, job, enrolment, service

enterprise

Which word has the following synonyms?

company, business, operation, project

exploitation

Which word has the following synonyms?

utilization, utilizing, use, making use of

exporter

Which word has the following synonyms?

dealer, seller, shipper, trader

flood the market

Which word has the following synonyms?

saturate, inundate, fill, overwhelm

found

Which word has the following synonyms?

establish, start, open, launch, settle

human resources

Which word has the following synonyms?

HR department, personnel department

innovation

Which word has the following synonyms?

modernisation

manufacture

Which word has the following synonyms?

create, produce, make, process, fabricate

merger

Which word has the following synonyms?

combination, consolidation, unification, integration

organisation

Which word has the following synonyms?

institution, management, body

sale

Which word has the following synonyms?

business, deal, demand

sell

Which word has the following synonyms?

convince, pitch, persuade

sponsor

Which word has the following synonyms?

advocate, backer, benefactor, promoter

the executive

Which word has the following synonyms?

boss, director, chief

cost effective

Which word has the following antonyms?

unprofitable

employment

Which word has the following antonyms?

unemployment, hobby, avocation, pastime

exporter

Which word has the following antonyms?

customer, buyer, importer

flood the market

Which word has the following antonyms?

underproduce, reduce

found

Which word has the following antonyms?

raze, end, destroy, ruin

innovation

Which word has the following antonyms?

stagnation

manufacture

Which word has the following antonyms?

disassemble, destroy, break down, scrap

merger

Which word has the following antonyms?

split, dissolution, division

unemployment

Which word has the following antonyms?

employment

call centre

My sister has worked in a _____ for over ten years.

coordination

Such a big event requires an expert in _____ to make sure that everything runs smoothly.

cost effective

Giving every customer a discount is not very _____.

departmental

The new _____ head is Bjorn.

employment

The strict _____ laws in our country are a problem for foreigners who come here to work.

enterprise

My father built the largest agricultural _____ in the whole country.

exploitation

Our _____ of coal as an energy source has lessened as we have started to use other sources of energy, such as wind and solar.

exporter

Ecuador is the world's largest _____ of bananas.

flood the market

If those countries _____ with oil, the price of gas will get much lower.

founded

The business was _____ in 1905 and is still in operation today.

human resources

I went to _____ to help settle a dispute I had with my colleague.

innovations

A group of young people wants to introduce _____ in teaching.

manufacture

The local government invested $50 million in building a new factory that will _____ semiconductors for the local industry.

merger

The _____ between North Bank and South Bank is expected to be completed within the year.

organisation

The _____ experienced layoffs.

sale

The _____ of the property meant that the owner got a lot of money.

sell

You can probably _____ that customer on the safety of the car because he won't buy it otherwise.

sponsor

The general _____ of the summer music festival was a famous brewery.

the executive

All important decisions had to go through _____ before being put into practise.

unemployment

_____ is growing in a time of recession.