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Munich Vocab: 7-L30

Business

TermDefinition
backlog Unfinished work or unfilled orders
barter To trade goods or services without using money; to exchange
commerce Trade; buying and selling of merchandise, especially in large amounts
franchise (a) The right to sell or distribute an established product or service (b) To grant someone else the right to sell one's product or service
inflation A continuing rise in prices throughout the economy
inventory (a) Goods or materials in stock or on hand (b) to make a list of goods or materials on hand
merger The union of two or more companies or organizations
monopoly Complete ownership or exclusive control
patron (a) A regular customer (b) A person giving financial support to a cause
vendor A person or company that sells something
Created by: mrKsped