VOCABULARY Flashcards
A thing that has an effect on sth else
factor
already occurring or present
existing
a person or business that is trying to reach the same goals or customer
competition
to guess a quantity
estimate
to state what one expects to happen
predict
a total quantity
volume
rules controlling how much to charge for products
pricing policy
a prediction of the number of sales a company will get by a certain point of time
sale forecast
number of products or services sold before now
past sales
legal agreement saying what each party is responsible for doing
contract
makes sure things are made correctly
control
doing sth in a way that does not waste time, money, or energy
efficiency
____ are the ongoing activities that keep a business running, also known as business processes
operation
series of actions planned to accomplish a goal
strategy
the act of keeping sth in a certain place for later use
storage
a system of inventory mana that orders only the necessary of supplies just when they are needed to minimize storage costs and losses
just-in-time approach
to reduce the quantity of sth to as lilttle as possible
minimize
process of making sure a company has the goods and materials when it needs them
inventory management
a system of activities and organizations that moves raw materials and goods in and out of a company
supply chain
the process by which a company ensures that its products or services meet its quality standards
quality control
a unit within a company that operates as a business partially independent from the main company
strategy business unit
the point at which revenue and expenses are equal, thus there is no profit or loss
break-even point
Our _____ shows an increase of 45% next month
sales forecast
to ___ is to guess what will happen in the future
predict
the managers _____ their employees to arrive on time
expect
A(n) _____ with Alta Inc. shows our strengths more clearly
comparison
Our current figures are much lower than those from _____
past sales
A(n) _____will not last the entire year.
seasonal trend
To ______ is to guess the amount or quantity of something.
estimate
A _______ is one of several things that influences something else and produces a result.
factor
______ is a situation in which individuals and companies try to do better than each other.
Competition
A ______ is a legal agreement saying what each party is responsible for doing.
contract
If product is _______, then that product is available or being used now.
existing
A ______ is a standard that a company uses to set wholesale and retail prices.
pricing policy
day to day functions =?
Operation
_____ are the ongoing activities that keep a business running, also known as business processes.
Operations
The owner has _____ over the business.
control
If you work faster, you might increase your ____
efficiency
Good plans have a clear _____.
strategy
Warehouses are used for ______
storage
a means of getting supplies right before they need them = ?
just-in-time approach
If you _____ your workload, you have less to do.
minimize
methods for tracking supplies = ?
Inventory management
Materials arrive via the _____
supply chain
The business function of maintaining excellence = ?
Quality control
It may take a few years before the unit reachs a ______
break-even point
the act of gaining control of a company or organization
takeover
process of taking control of a company = ?
takeover
takeover = ?
acquire = buyout
an attempt to earn or take sth
bid
Jones Productions made the most aggressive _____ to take control of the company.
bid
the process of gaining control of a compnay y buying available parts of the company
buyout
P & L Publishing was the ____ of several buyout attempts.
target
person that another person or company is trying to control
target
a situation in which the management of the targeted compan does not agree with the takeover by another company
hostile takeover
an offer to buy enough shares in a company for the buyer to take control of the company
tender offer
someone who saves a person or company from an unsiderable situation such as being controlled by another company
white knight
the process of selling parts of a company
divestment
Reynolds Inc. was a ______ after preventing another corporation from buying Paper Unlimited.
white knight
______ can help corporations avoid bankruptcy.
Divestment
an amout of money that a person or company is perpared to pay for sth
offer
The board rejected the Finn Corporation’s ______ to buy the company.
offer
a situation in which the management of the targeted company agree with the takeover by another company
friendly takeover
The chairman board was pleased about the ______ of their company.
friendly takeover
a company that owns enough stock in a second company to control management of the second company
parent company
Kendall Inc. is a part of its __________, General Manufacturers.
parent company
to state sth publicly/ to officially announce to the public that a situation exist or that sth is true
declare
the closure of a business due to a lack of funds
failure
failure = ?
bankruptcy = shut down
a person, business or bank that an individual or company has borrowed money from and must pay it back
creditor
a condition where a business cannot pay debts
bankruptcy
New Page LLC declared _______ after months of decreasing profits.
bankruptcy
to stop all operations either permanently or temporarily
shut down
the person who is officially responsible for a business or company that is bankrupt.
receiver
Alex was the ______ appointed to manage the failing company.
receiver
when a company is directed by an official receiver because it has no funds
receivership
to change the organization of a business
restructure
the different between what is needed and what one has
decifit
to close a business and sell all of its things in order to payoff its debts
liquidate
the act of closing down a business by selling its things in order to pay its debts
liquidation
a person that offers to pay a specific sum of money for sth that is being sold
bidder
The highest ______ will purchase the company.
bidder
to officially demand that a person or business pay back the funds that were lent
call in debt
The creditors decided to _______ their debt.
called in
to keep sth safe from loss, harm, illness,….
protect
Having insurance can _____ you from financial losses.
protect
the length of an insurance policy
terms
the money that is paid to a person by the insurance company for their loss
compensation
insurance that provides finnancial protection to a person’s family if he or she dies
life insurance
Payments for ______ do not go to the policy holder.
life insurance
insurance that provides financial protection to a home or business and the property within it
property insurance
insurance that provides financial protection to a person in case of sickness
health insurance
insurance that protects a vehicle in case it is stolen, damaged, or destroyed
auto insurance
to pay to repair or fix it in the event that it is damaged or destroyed
cover
