Chapter 3 Flashcards

(49 cards)

1
Q

aircraft

A

n. an airplane, helicopter, etc

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2
Q

announce

A

vt. officially tell something to a (large) group of people

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3
Q

airline

A

n. the company that runs flights, e.g. China Southern. NOT the route that the plane flies

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4
Q

budget airline

A

n. a low-cost, low-services airline

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5
Q

“a dedicated service”

A

a service specially for this one purpose

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6
Q

business partner

A

n. person or company that you officially work with

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7
Q

commitment

A

n. something that you have agreed to do and cannot easily change

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8
Q

contract

A

n. a legal document that lists your commitments and responsibilities

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9
Q

core business

A

n. the main, most important services that a company provides

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10
Q

decrease

A

vi. become smaller (pop. of increase)

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11
Q

delegate

A

vt. give a task that you should do to someone (usually under your management) to do

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12
Q

“a fast-growing market”

A

the number of potential customers is increasing quickly

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13
Q

“a solid reputation”

A

a good and consistent reputation

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14
Q

device

A

n. small simple machine, such as a mobile phone

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15
Q

distribute

A

vt. give copies of something to many people

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16
Q

dramatically

A

adv. (of a change) large and sudden

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17
Q

“be keen on”

A

to like (an idea, activity)

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18
Q

entrepreneur

A

n. person who starts their own business

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19
Q

expand

A

v. make (business, market, range of services) bigger

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20
Q

fleet

A

n. the group of vehicles (cars, trucks, airplanes etc) that a company owns

21
Q

franchise

A

n. a shop (such as KFC) where you have to buy the rights from the parent company to run it

22
Q

freelancer

A

n. person who sells their services to companies rather than working for one company, such as magazine/newspaper writer, graphic designer, advertising designer

23
Q

gist

A

n. ‘the gist’ is the general idea of something, without the details

24
Q

“consolidate one’s leading position”

A

make your position as leading company stronger

25
"go public"
announce something publicly OR start selling your company's shares publicly
26
level off
vi. (of change) stop increasing (or decreasing) and remain steady
27
"meet sb's needs"
provide people with what they need
28
merge
vi. (of two companies, departments) join together and become one
29
negotiate
vi. to discuss in order to reach an agreement
30
"double one's client base"
double one's number of clients
31
non-profit organisation
n. NGO; organisation whose aim (unlike a business') is not making money. Charities are an example of NGOs
32
organic
adj. (of food etc) grown without using man-made pesticide, fertiliser etc
33
perfromance
n. how well one does something
34
press release
n. official announcement to newspapers, news agencies etc from a company about something
35
"give excellent returns to one's investors"
make a good profit for the investors
36
"in this respect"
in this way, from this point of view
37
"on schedule"
on time
38
self-employed
adj. directly selling your services to the public rather than employed by a company.
39
sole trader
n. a business owned and run entirely by one person
40
partnership
n. a business owned by at least two people
41
staff
n. all the workers of a company. CANNOT be used for one worker e.g. "a staff"
42
takings
n. the amount money earned by a business
43
turnover
n. the amount of money earned by a business OR the rate that employees leave a company
44
unique
adj. different to everything else
45
workforce
n. people who work, either for a company, in a country/area, or in a kind of business
46
worldwide
adj. global, all over the world
47
international
adj. in more than one country. NOT global
48
"take delivery of"
receive goods
49
"within budget"
not spending more money than planned