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B2 Vocab Business

QuestionAnswer
agency a business or organization that provides services to other parties, especially by representing them
corporation a company or group of people considered as a single unit by law
board a group of people with decision-making power in an organization
chairman the person in charge of a company or organization for the long term
entrepreneur a person who starts a business and takes financial risks
clerk a person who keeps records and performs routine office or shop tasks
draft a document ordering a bank to pay a specific amount of money
income money regularly earned from work or investments
insurance an arrangement in which a company guarantees compensation for loss or damage
market research the act of gathering information about what consumers need or buy and why
to contract to enter into an official agreement
to establish to create and run a company or organization long term
to found to create or establish something, often by providing funding
to fund to provide money for a specific purpose
to manufacture to produce goods in large quantities using machinery
to launch to start an organized activity or operation
to ship to send goods or people from one place to another
to sponsor to pay for a project or activity, often in exchange for advertising
strategy an organized plan to achieve a goal
partnership a formal business arrangement between two or more parties
profit margin the difference between earnings and costs in a business
stockholder a person or institution that owns shares in a corporation
union an organization formed by workers to protect their rights
tax evasion illegal actions taken to avoid paying taxes
shipment the act of transporting goods
fortune a very large amount of money
savings money saved for future use
wealthy having a large amount of money or valuable possessions
to come down to decrease in price, temperature, etc.
to live on to have enough money for basic needs
to pay off to pay the full amount owed on a debt
to set aside to save something for a specific purpose
discount a reduction in the usual price
fee money paid for professional services
lending the act of giving money with the expectation of repayment
senior having a higher rank or status in an organization
junior having a lower rank or status in an organization
to speak to deliver a speech to a group
chief executive officer the highest-ranking executive in a company
Created by: Knia
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