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Essential Words Needed for TOEFL - The Business World

Here you will learn some English words about the business world, such as "agency", "industry", "venture", etc. that are needed for the TOEFL exam.

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Essential Words Needed for TOEFL
human capital
[noun]
one person or a group of people's abilities and strengths, looked at as valuable assets
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marketplace
[noun]
базар
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commerce
[noun]
the act of buying and selling goods and services, particularly between countries
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agency
[noun]
агентство
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commercial
[adjective]
комерційний
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industry
[noun]
all of the activities, companies, and people that are involved in providing a service or producing goods
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enterprise
[noun]
діловитість
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corporation
[noun]
корпорація
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human resources
[noun]
людські ресурси
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corporate
[adjective]
involving a large company
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start-up
[noun]
a business or company that has just begun operation
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headquarters
[noun]
штаб-квартира
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franchise
[noun]
дозвіл на торгівлю
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venture
[noun]
ризикована торгівля
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strategy
[noun]
стратегія
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to manufacture
[verb]
виготовляти
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machinery
[noun]
machines, especially large ones, considered collectively
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workshop
[noun]
майстерня
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profit margin
[noun]
розмір прибутку
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earnings
[noun]
(always plural) money received for work done or services provided
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shareholder
[noun]
a natural or legal person that owns at least one share in a company
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representative
[noun]
депутат
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to sponsor
[verb]
спонсорувати
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merger
[noun]
злиття
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association
[noun]
асоціація
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administration
[noun]
the process and activities required to control and manage an organization
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administrative
[adjective]
related to the management and organization of tasks, processes, or resources within an organization or system
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executive
[adjective]
using or having the power to decide on important matters, plans, etc. or to implement them
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marketing
[noun]
маркетинг
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branding
[noun]
the promotion of a particular product or company by means of advertising and distinctive design
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promotion
[noun]
рекламувати щось
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to publicize
[verb]
оприлюднювати
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to launch
[verb]
запускати
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distribution
[noun]
дистрибуція
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to chair
[verb]
головувати
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chief technology officer
[noun]
a person of senior rank in charge of a company's technological matters
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entrepreneur
[noun]
підприємець
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merchant
[noun]
someone who buys and sells goods wholesale
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chief financial officer
[noun]
головний фінансовий директор
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chief executive officer
[noun]
генеральний директор
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