International Business English Vocabulary

allocation

portion,ratio

busywork

work that keeps a person busy but has no value in itself

precarity

predicament, uneasy situation, risk

veblen good

a luxury good for which the demand increases when the price increases

upskilling

to teach an employee more things

wholesale

the price for which the shop pays the people who produce a good

drudgery

dull work

gravely

something that is seriously bad

proverbial

famous, well-known

stashing

hiding or storing something for security

upheaval

a disruption of a situation

pernicious

having a harmful effect, especially in a gradual way

envisage

to think about or imagine what's going to happen in the future

palatable

pleasant or acceptable to somebody

expedient

possibly improper or immortal

impediment

a hindrance or obstruction in doing something

adolescense

a young person, puberty to adulthood

upsell

the act of trying to get a customer to buy more

defunct

no longer existing or functioning

intangible

not able to be touched or seen, but exists

to loom

to come into view

skimpflation

quality lowers, product size and weight stays the same

universal basic income (UBI)

a government program in which every adult citizen recieves a set amount of money regularly

automation

the use of technology to ease human labor

risk-averse

the tendency to avoid risk

emergency fund

a personal budget set aside as a safety net for future mishaps or unexpected expanses

safety net

a safeguard against possible hardship or adversity

stock market

buying and selling shares in particular companies, and the people in organizations involved in this

rampant speculation

violent in action or spirit

diminished marginal utility of income

as an individual's income increases, the extra benefit to that individual decreases

unwarranted

not justified or authorized

to upscale

to improve the quality, value or rating of

nearshoring

relocation of a business process from one country to a nearby country

to streamline

improve the effectiveness of an organization

poised

having a composed or self-assured manner

aqcui-hiring

to buy out a company primarily for the skills and expertise of its staff, rather than for its products or services

to facilitate

to make something easier

to exacerbate

to make something bad even worse

supply chain

network of individuals and companies that are involved in creating a product and delivering it to the consumer

to incite

to encourage someone to do or feel something unpleasant or violent

intake margin

the margin one gets when selling the product at full price

upcycled

reuse in such a way as to create a product of higher quality or value than the original

decarbonization

reduce or eliminate CO2 emissions

geopolitics

how global politics affects economies and businesses

endowment

a find donated to an institution often for a specific purpose

affluent

having a lot of money or owning a lot of things

deadpanned

say something amusing while affecting a serious manner

censorship

government control over information often limiting free speech

malign

evil in nature

dismantle

take apart, take to pieces

lure

to tempt someone to do something

clout

having influence over people or events

laundering money

moving illegally obtained money through banks and businesses to make it seem legally obtained

to impose

force a decision or ruling on someone

thwarted

prevent someone from accomplishing something

to stymie

to prevent or hinder the progress of something

tariff

a tax on imports and exports of goods and services

shale

soft, grey rock formed from clay

linear economy

buying a product, using it and then throwing it away, no thought regarding recycling or reusing

stringent

having a severe effect, being extremely limiting

albeit

although, despite the stated thing

erode

to slowly reduce or destroy something

substantially

to a large degree

embed

to fix something firmly into a substance

backlash

a strong negative reaction or opposition to an idea, event or policy

conspicuous

very noticeable or attracting attention, often not wanted

bonanza

a situation from which large profit are made

breakneck

carelessly fast and dangerous

volatility

likely to change suddenly and unexpectedly, especially getting worse

sanguine

optimistic especially in a bad situation

clampdown

a severe attempt to suppress something

dissuade

persuade someone not to take a particular course of action

prolific

producing much, for example fruit or oil

incentive

to do something

charter

a written statement describing the rights that a particular group of people should have

adverse

negative and unpleasant

know-how

knowledge of how to do something smoothly and efficiently

keen

very interested, eager, or wanting something very much

commerce

the activities involved in buying and selling things

impede

to make it more difficult for something to happen

spur

to encourage an activity or development or make it happen faster

imminent

coming or likely to happen soon

demise

the end of something that was previously considered powerful

plod

to walk taking slow steps, as if your feet are heavy

hark

used to tell someone to listen

remittance

the act of sending payment to someone

veto

a constitutional right to reject a decision/proposal made by a lawmaking body

tit-for-tat

the infliction of an injury or insult in return for one that one has suffered

coalition

a temporary alliance for combined action, especially political parties forming a government

hark back

mention or remember something from the past

belligerent

hostile and aggressive

unilateralism

the process or act of deciding a policy or action without involving another group or party

leitmotif

a phrase or other feature that is repeated in a work of art, literature, or music and that tells you something important about it

safeguard

a law, rule or something that is done to protect someone or something from harm or damage

plummet

fall or drop straight down at high speed

grim

strict, harsh