business phrases and words in english for A2 english learners Flashcards
(26 cards)
What does ‘profit’ mean?
Profit is the money a business makes after all expenses are paid.
True or False: A ‘client’ is a person who buys goods or services from a business.
True
Fill in the blank: A ‘contract’ is a legal ______ between two or more parties.
agreement
What is the meaning of ‘market research’?
Market research is the process of gathering information about consumers’ needs and preferences.
Multiple Choice: What is a ‘budget’?
A plan for managing income and expenses.
What does ‘invoice’ refer to?
An invoice is a document that lists goods or services provided and the amount due for payment.
True or False: A ‘shareholder’ is someone who owns shares in a company.
True
Fill in the blank: A ‘meeting’ is a gathering of people to discuss ______.
business matters
What is the role of a ‘manager’?
A manager is responsible for overseeing and coordinating the work of a team or department.
Multiple Choice: What is ‘sales’?
The exchange of goods or services for money.
What does ‘customer service’ mean?
Customer service refers to assistance provided to customers before, during, and after a purchase.
True or False: A ‘startup’ is a new business that is just beginning to operate.
True
Fill in the blank: A ‘goal’ is a desired ______ that a person or organization aims to achieve.
result
What is meant by ‘branding’?
Branding is the process of creating a unique name and image for a product in the consumers’ mind.
Multiple Choice: What does ‘revenue’ refer to?
The total income generated by a business from its activities.
What is a ‘business plan’?
A business plan is a document outlining a business’s goals, strategies, and financial projections.
True or False: ‘Networking’ is the act of meeting and building relationships with other professionals.
True
Fill in the blank: A ‘deadline’ is the latest time or date by which something must be ______.
completed
What does ‘employee’ mean?
An employee is a person hired to work for a company or organization.
Multiple Choice: What is ‘advertising’?
The activity of promoting products or services to potential customers.
What is a ‘supplier’?
A supplier is a person or company that provides goods or services to another business.
True or False: ‘Competition’ refers to the rivalry between businesses to attract customers.
True
Fill in the blank: An ‘entrepreneur’ is a person who starts and runs their own ______.
business
What does ‘profit margin’ mean?
Profit margin is the difference between revenue and costs, expressed as a percentage of revenue.
