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B2 Level Wordlist - Business and Office

Here you will learn some English words about business and office, such as "corporation", "CEO", "chairman", etc. prepared for B2 learners.

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CEFR B2 Vocabulary
agency
agency
[noun]

a business or organization that provides services to other parties, especially by representing them in transactions

Ex: A real estate agency helps facilitate transactions between property buyers and sellers. 
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corporation

a company or group of people that are considered as a single unit by law

Ex: The corporation expanded its operations into international markets last year. 
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board
board
[noun]

a group of people with the power to make decisions for an organization or company

Ex: During the meeting, the board discussed strategies for improving company performance. 
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chairman
chairman
[noun]

someone who is in charge of a company, organization, etc., for the long term

Ex: The chairman of the board announced a new strategic direction for the company during the annual shareholders' meeting. 
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entrepreneur

a person who starts a business, especially one who takes financial risks

Ex: As an entrepreneur, she started her own tech company with just a small investment. 
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clerk
clerk
[noun]

someone whose job is to keep records and do the routine tasks in an office, shop, etc.

Ex: The clerk processed the customer’s return and issued a refund. 
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draft
draft
[noun]

a document ordering the bank to pay a specific amount of money to someone

Ex: The seller issued a draft to the buyer, ensuring that the payment would be made upon delivery of the goods. 
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income
income
[noun]

the money that is regularly earned from a job or through an investment

Ex: His primary source of income is his salary from the tech company where he works. 
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insurance
insurance
[noun]

the arrangement with an institute or agency according to which they guarantee to make up for the damages in the event of an accident or loss

Ex: He decided to purchase car insurance to protect himself against potential accidents. 
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market research

the act of gathering information about what people need or buy the most and why

Ex: Before launching the new product, the company conducted extensive market research to understand consumer preferences and trends. 
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to contract

to enter or make an official arrangement with someone

Ex: The company contracted with a local supplier to provide raw materials for their manufacturing process. 
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to establish

to create a company or organization with the intention of running it over the long term

Ex: After years of planning, they finally established their own tech startup in Silicon Valley. 
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to found
to found
[Verb]

to create or establish an organization or place, especially by providing the finances

Ex: The university was founded in the early 1900s. 
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to fund
to fund
[Verb]

to supply money for a special purpose

Ex: The government funds educational programs to support student learning. 
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to manufacture

to produce products in large quantities by using machinery

Ex: The company manufactures electronic devices, such as smartphones and tablets. 
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to launch
to launch
[Verb]

to start an organized activity or operation

Ex: They plan to launch a marketing campaign to promote the event. 
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to ship
to ship
[Verb]

to send goods or individuals from one place to another using some form of transportation

Ex: The company decided to ship the products overseas to meet the growing demand in international markets. 
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to sponsor

to cover the costs of a project, TV or radio program, activity, etc., often in exchange for advertising

Ex: The company sponsored the local sports team, contributing to their uniforms and equipment. 
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strategy
strategy
[noun]

an organized plan made to achieve a goal

Ex: Their marketing strategy increased sales last year. 
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partnership

a formal arrangement where two or more individuals, organizations, etc. come together as partners to achieve a goal, typically in business

Ex: The new venture was formed through a strategic partnership between two leading companies in the industry. 
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profit margin

the difference between the earnings and the costs in a business

Ex: The company's profit margin increased significantly after implementing cost-saving measures and streamlining operations. 
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stockholder

an individual, institution, etc. that owns shares or stocks in a corporation

Ex: As a diligent stockholder, she regularly attends shareholder meetings to stay informed about the company's performance and future plans. 
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union
union
[noun]

an organization formed by workers, especially in a particular industry, to protect their rights and improve their working conditions

Ex: The union negotiated a new collective bargaining agreement that secured higher wages and improved benefits for its members. 
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tax evasion

the illegal acts done to pay less tax than what is owed or to avoid paying taxes altogether

Ex: The wealthy businessman was convicted of tax evasion after it was discovered that he had hidden millions of dollars in offshore accounts. 
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shipment
shipment
[noun]

the act of transporting goods

Ex: Our international shipment was subject to customs inspection, resulting in a slight delay in delivery. 
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fortune
fortune
[noun]

a very large sum of money

Ex: He inherited a fortune from his grandparents and became one of the wealthiest individuals in the country. 
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savings
savings
[noun]

the amount of money that one has kept for future use, especially in a bank

Ex: She diligently set aside a portion of her income each month to contribute to her savings account. 
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wealthy
wealthy
[Adjective]

having a large amount of money or valuable possessions

Ex: The wealthy businessman owned several luxury cars and houses. 
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to come down

to have a decrease in price, temperature, etc.

Ex: The prices of the new smartphones have finally come down, making them more affordable for consumers. 
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to live on

to have the amount of money needed to buy necessities

Ex: The homeowner lived on a fixed income, carefully budgeting their expenses to ensure they could afford property taxes and maintenance. 
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to pay off

to give the full amount of money owed on a debt or loan

Ex: She finally paid off her student loans after ten years. 
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to set aside

to keep or save money, time, etc. for a specific purpose

Ex: She decided to set some money aside for her vacation. 
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discount
discount
[noun]

the act of reducing the usual price of something

Ex: The store announced a discount on all electronics for the weekend. 
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fee
fee
[noun]

the money that is paid to a professional or an organization for their services

Ex: The lawyer's fee for handling the case was quite high. 
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lending
lending
[noun]

the act of giving money to someone or something and expecting it to be returned

Ex: The lending terms included a low interest rate and a flexible repayment schedule. 
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senior
senior
[Adjective]

having a higher status or rank than someone else within an organization, profession, or hierarchy

Ex: As a senior manager, she oversaw the operations of multiple departments within the company. 
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junior
junior
[Adjective]

lower in rank or position compared to someone else wthin a work environment

Ex: As a junior employee, he reported to a senior manager and was responsible for assisting with various tasks. 
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to speak
to speak
[Verb]

to deliver a speech to a group of people

Ex: He will speak at the conference tomorrow. 
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chief executive officer

the highest-ranking person in a company

Ex: The CEO announced a new strategy for the company. 
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