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

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Cambridge English: CAE (C1 Advanced)
acquisition

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

Ex: The company announced its acquisition of a smaller competitor to expand its market share. 
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retailer
retailer
[noun]

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

Ex: The retailer sells a variety of products, including clothing, electronics, and household goods. 
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commodity
commodity
[noun]

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

Ex: Oil has long been a highly valued commodity on the global market, influencing economies and politics. 
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merchandise

goods offered for sale or the ones bought or sold

Ex: The store's merchandise includes clothing, accessories, and home decor items. 
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cooperative

an organization or business that is jointly owned and run by its members

Ex: She joined the local agricultural cooperative to gain access to resources and support for her farm. 
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enterprise

a company

Ex: The family-owned enterprise has been in operation for over three generations. 
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franchise
franchise
[noun]

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

Ex: He opened a franchise of a well-known pizza chain downtown. 
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auction
auction
[noun]

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

Ex: The painting was sold at an auction for a record-breaking price. 
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bid
bid
[noun]

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

Ex: His bid of $500 won the antique vase. 
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pay as you go

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: She opted for a pay as you go mobile plan to avoid long-term contracts and keep her expenses flexible. 
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rip-off
rip-off
[noun]

something that costs a lot more than its real value

Ex: The concert tickets were a complete rip-off, costing twice as much as last year. 
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transaction

the general process of purchasing or selling something

Ex: The transaction of his public duties requires careful planning and execution. 
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market
market
[noun]

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

Ex: The company is targeting the youth market with its new app. 
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outlet
outlet
[noun]

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

Ex: She loves shopping at the outlet mall because she can find brand-name clothing at discounted prices. 
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salon
salon
[noun]

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

Ex: She visited the salon to get a haircut and highlights. 
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stockbroker

a professional who buys and sells stocks, bonds, and other securities on behalf of clients, usually for a commission or fee

Ex: A stockbroker is a licensed professional who buys and sells stocks and other securities on behalf of clients, typically individuals or institutions. 
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holder
holder
[noun]

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

Ex: She is the current holder of the world record in swimming. 
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to promote

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

Ex: The company promoted its new smartphone with a major ad campaign. 
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supply chain

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

Ex: Disruptions in the global supply chain caused delays in product delivery. 
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