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Cambridge English: CAE (C1 Advanced) - Trade & Market Dynamics

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Cambridge English: CAE (C1 Advanced)

the act of buying or obtaining something, especially something that is valuable

Ex: The government approved the acquisition of land for the construction of a new highway .
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retailer
[noun]

a store, person, or business that sells goods to the public for their own use, not for resale

Ex: The retailer expanded its operations by opening new stores in different cities .
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commodity
[noun]

(economics) an unprocessed material that can be traded in different exchanges or marketplaces

Ex: Investors often include commodities in their portfolios as a hedge against inflation and market volatility .
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goods offered for sale or the ones bought or sold

Ex: She browsed through the merchandise at the souvenir shop , looking for gifts to bring back home .
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an organization or business that is jointly owned and run by its members

Ex: The cooperative model allows small businesses to pool resources and compete more effectively in the market.
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a company

Ex: The startup aims to disrupt the industry with its innovative enterprise solutions .
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franchise
[noun]

a commercial enterprise that functions under an agreement, using the branding, systems, and products of an established company

Ex: The franchise agreement outlined the terms and conditions for operating the business under the brand name .
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auction
[noun]

a public sale in which goods or properties are sold to the person who bids higher

Ex: The auction house specializes in selling fine art and jewelry.
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bid
[noun]

a stated amount of money offered to purchase something, often in competitive settings

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a payment system in which one is only able to use a service up to the amount that they have paid for, and payment must be made in advance of using the service

Ex: He decided to use a pay as you go system for his gym membership to ensure he only paid for the days he actually used the facilities.
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rip-off
[noun]

something that costs a lot more than its real value

Ex: Be careful when shopping online ; some deals are just rip-offs with inflated prices .
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the general process of purchasing or selling something

Ex: Automating the transaction of routine tasks can significantly improve efficiency .
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market
[noun]

a group of potential or actual buyers who are interested in and able to purchase a specific product or service

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outlet
[noun]

a store or organization where the products of a particular company are sold at a lower price

Ex: The online outlet website offers a wide selection of discounted items from popular brands .
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salon
[noun]

a place where hairdressing, makeup and other cosmetic services are done professionally

Ex: The stylist at the salon recommended a new hairstyle for her .
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a professional who buys and sells stocks, bonds, and other securities on behalf of clients, usually for a commission or fee

Ex: Many stockbrokers work for brokerage firms or investment banks , while others operate independently as financial advisors or wealth managers .
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holder
[noun]

an individual who possesses or carries an item, title, or position

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to encourage the public to buy a product or use a service

Ex: The agency promoted the hotel ’s holiday packages through email ads .
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the sequence of processes, organizations, people, activities, information, and resources involved in producing and delivering a product or service from its origin to the final customer

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Cambridge English: CAE (C1 Advanced)
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