Vocabulary for IELTS (General) - Business

Here you will learn some English words about business, such as "consumer", "union", "negotiate", etc. that are needed for the IELTS exam.

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brand [noun]

the name that a particular product or service is identified with

Ex: As a luxury brand , Rolex commands a premium price for its watches .

campaign [noun]

a series of organized activities that are intended to achieve a particular goal

Ex: The environmental group launched a campaign to reduce plastic waste in oceans .

client [noun]

a person or organization that pays for the services of a company or recommendations of a professional

Ex: The software company prides itself on delivering tailored solutions to its clients .

to compete [verb]

to join in a contest or game

Ex: My brother loves to compete in running races .

competitor [noun]

a person, organization, country, etc. that engages in commercial competition with others

Ex: The two companies have been fierce competitors for market share .

consumer [noun]

someone who buys and uses services or goods

Ex: The new smartphone model received positive reviews from consumers .

financial [adjective]

related to money or its management

Ex: He sought financial advice from a professional to plan for retirement .

management [noun]

the process or act of organizing or managing a group of people or an organization

Ex: She pursued a degree in business management to gain the skills necessary for leading a successful organization .

to promote [verb]

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

Ex: They promoted the restaurant by offering discounts for first-time diners .

trade [noun]

the activity of exchanging goods or services

Ex: Local markets thrive on the trade of fresh produce and handmade goods .

union [noun]

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

Ex: The union staged a strike to protest layoffs and demand better job security for its members .

chairman [noun]

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

Ex: After serving as chairman for ten years , she decided to step down and mentor the next generation of leaders .

distribution [noun]

the action of spreading, allocating, or apportioning something among recipients

Ex: The teacher oversaw the distribution of textbooks .

corporation [noun]

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

Ex: The corporation 's annual report highlighted significant growth in revenue .

entrepreneur [noun]

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

Ex: Networking events are essential for an entrepreneur to connect with potential investors .

financing [noun]

the act of providing a sum of money for running a business, activity, project, or individual needs, typically through loans, investments, etc.

Ex: Homebuyers rely on mortgage financing to purchase property , spreading payments over several years .

headquarters [noun]

the place where the main offices of a large company or organization are located

Ex: The nonprofit organization 's headquarters oversee operations worldwide .

income [noun]

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

Ex: The government 's new tax policy will impact individuals with higher incomes more significantly .

to manufacture [verb]

to produce products in large quantities by using machinery

Ex: The textile industry manufactures fabrics through automated weaving and dyeing processes .

market research [noun]

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

Ex: The success of the advertising campaign was attributed to thorough market research , which identified the target audience 's needs and desires .

to negotiate [verb]

to discuss the terms of an agreement or try to reach one

Ex: In a team project , members may need to negotiate their individual tasks and contributions to achieve a balanced workload .

operator [noun]

someone who owns or manages a business

Ex:

profit margin [noun]

the difference between the earnings and the costs in a business

Ex: Understanding your product 's profit margin is essential for making informed pricing decisions and maximizing profitability .

to sponsor [verb]

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

Ex: A generous donor sponsored the construction of the new community center .

strategy [noun]

an organized plan made to achieve a goal

Ex: She changed her study strategy to improve her grades .

slogan [noun]

a short memorable phrase that is used in advertising to draw people's attention toward something

Ex: The marketing team spent weeks brainstorming the perfect slogan to capture the essence of their new product .

to expand [verb]

to become something greater in quantity, importance, or size

Ex: With technological advancements , the capabilities of smartphones expanded .

workforce [noun]

all the individuals who work in a particular company, industry, country, etc.

Ex: Training programs were implemented to improve the skills of the existing workforce .

revenue [noun]

the total income generated from business activities or other sources

Ex: The new product line significantly boosted their revenue .

Vocabulary for IELTS (General)
Communication	Art	Music	Literature
Movie and Theater	The Media	Argument and Agreement	Certainty and Uncertainty
Expressing an Opinion	Advice and Suggestion	Making a Decision	Sickness and Health
Cause and Effect	Success and Failure	Education	Space
Money	Business	The environment	Likes and Dislikes
Persuasion and Involvement	Similarity and Difference	Signposting	Problems and Solutions
Being in Charge	Talking about Senses	Possession	Talking about Change
Talking about Events and Incidents	Lifestyles	Tourism	The Planet Earth
Phrasal Verbs