Business and Money Vocabulary

A collection of practice flashcards focusing on business and financial vocabulary, idioms, and industry terms derived from the lecture notes.

To take something into consideration/ account

to consider or remember something when judging a situation

To break into a market

to enter a market with the connotation that entrance to the industry was difficult.

To keep someone’s word

to uphold one's promise; to do as one says

To reach a consensus

to come to an agreement

To make the most of something

to make something appear as good as possible; to exploit something; to get as much out of something as is possible.

To go out of business

if a company goes out of business, it stops doing business permanently, especially because it has failed

To do market research

to collect information about what people buy and why they choose it.

To make cutbacks

to decrease, to reduce

To manage expectations

Seek to prevent disappointment by establishing in advance what can realistically be achieved or delivered by a project, undertaking, course of action, etc.

To make a calculation

to assess a situation and figure out (or guess) the outcome

To pay in arrears

refers to making a payment to a supplier later than the terms of the arrangement under which goods or services were purchased from the supplier.

To buy at auction

to buy something at a usually public sale of goods or property, where people make higher and higher bids (= offers of money) for each thing, until the thing is sold to the person who will pay most

To squander a chance/ savings

to waste money or supplies, or to waste opportunities by not using them to your advantage

Overhead cost

refers to regular costs required to run a business, such as rent, electricity, wages etc

A takeover

an act of taking over a company by buying its shares

A merger

the action of joining two or more businesses into one

A heavy workload

having many tasks to perform

Compensation

something that somebody gives you [usually money] because they have hurt you or damaged something that you own

Revenue

the money that a government receives from taxes or which a company receives from its business

White-collar

working in an office, not a factory

Blue-collar

connected with people who do physical work in industry

To run your own business

to have a business which you own

To earn a living

to earn money

Enhance their public image

to make their company appear more attractive to people

To grow a business

to expand a business, usually a new one

To gain a competitive edge

to achieve an advantage over another company or organization, often by providing the same goods or services at a lower price

Maximize profits

to increase profits to the highest possible level

To conduct a business

to operate a business in a particular way

To be made redundant

to lose one’s job

Pension scheme

a system in which you and your employer pay money regularly into a fund, to use when you retire from work